The purpose of this post is to provide a key update on the Corporate Transparency Act (CTA) that may impact your compliance plans. Yesterday, a federal court in Texas issued an order in Texas Top Cop Shop, Inc. v. Garland enjoining enforcement of the CTA's Reporting Rule nationwide. The court ruled that the CTA exceeds […]
Board Certification Update, "The Convo Association," and More
The Corporate Transparency Act (CTA) was passed with the goal of combating illicit activities like money laundering and terrorism financing. Under the CTA, many entities—including community associations such as homeowners associations (HOAs), condominiums, and housing cooperatives—would be required to submit detailed reports on their “beneficial owners” to the federal government. These reporting requirements, while aimed […]
