Community Association clients should be familiar with the background and requirements for the law known as the Corporate Transparency Act (“CTA”). Congress recently enacted this law to address and curb money-laundering and terrorist financing. Unfortunately, it has ensnared a broad range of businesses within its requirements, including condominiums, cooperatives and homeowner’s associations. Upon realizing the extent of its requirements, various small businesses as well as Community Associations Institute (“CAI”) have taken steps to address it. Read the article…………………………….
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