Corporate Transparency Act (CTA) New Deadline is March 21, 2025: Impact to Community Association Board Members

/ Owner - February 19, 2025

On February 17, 2025, a federal judge lifted the stay in Smith v. U.S. Department of the Treasury, effectively reinstating the nationwide injunction that prevented the government from enforcing the Federal Corporate Transparency Act (CTA).  Due to this court decision, the beneficial ownership information (BOI) reporting requirements under the CTA are back in effect.     Read the article…………………………….

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