Monthly Archives: June 2024
CAI Board of Trustees Approves CTA Lawsuit
By Anna Mancino The Community Associations Institute (“CAI”) is joining the fray and challenging the Corporate Transparency Act (“CTA”). On January 1, 2024, the CTA’s new beneficial owner information (“BOI”) reporting requirements went into effect for corporations and other entities created through a filing with a Secretary of State or similar office pursuant to state […]
The Corporate Transparency Act: Updates from FinCEN
As mentioned in prior communications from our firm, the federal Corporate Transparency Act (“CTA”), adopted in 2021, may start requiring most community associations to file a “beneficial ownership information” (or BOI) report by no later than January 1, 2025. The Financial Crimes Enforcement Network (FinCEN) periodically provides updates and clarification regarding frequently asked questions of […]
2024 Virginia Legislative Update
By Tiago D. Bezerra Following on the heels of the 2023 statewide elections in which all 140 members of the Virginia General Assembly stood for election, the most diverse and least experienced group of legislators adjourned their veto session on April 17, 2024. It was a busy and politics-filled session with over 3,500 bills and […]