Handling the Corporate Transparency Act Condo Association
Navigating the new corporate transparency act condo association rules is probably not how most board members imagined spending their free time this year. Usually, board meetings are filled with debates about roof repairs, guest parking, or whether the pool needs a new heater, but now there's a federal mandate knocking on the door. It's called the Corporate Transparency Act (CTA), and while it was designed to catch international money launderers and shady shell companies, it has cast a surprisingly wide net that includes your average neighborhood condo or homeowners association. ...