Do Property Managers have to Register as BOI Members of Community Associations to Comply with CTA?

/ Owner - October 28, 2024

Community associations, like many other entities, generally have reporting requirements under the Corporate Transparency Act (CTA). Beneficial owners of the community association, like board members, have to be registered, but how about property managers. The CTA defines a beneficial owner as any individual who, directly or indirectly: Owns or controls at least 25% of the ownership interests of the entity or exercises substantial control over the entity.     Read the article…………………………….

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