As you may be aware, Homeowner Associations and other businesses will be required to file a Beneficial Ownership Information for with FinCEN under The Corporate Transparency Act. While CAI has filed a lawsuit to exclude Homeowner Associations from the types of businesses and corporations that have to comply with this Act, the lawsuit is not finalized and Homeowner Association will need to comply with the FinCEN registration by January 1, 2025. Read the article…………………………….
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