Unless you’ve been living under a rock, you already know about the Corporate Transparency Act (“CTA”), the federal law focused on combating illicit financial activity. The CTA requires Reporting Companies, including associations, to file a Beneficial Ownership Information (“BOI”) report with the Financial Crimes Enforcement Network (“FinCEN”). The report must contain certain information on Beneficial Owners of the association. Board Members are considered Beneficial Owners under the CTA.   Read the article…………………………….