Corporate Transparency Act 2024 For Hoa. Although many concluded that the corporate transparency act (“cta”) applies to homeowners associations, we now have verification of this. Starting january 1, 2024, the corporate transparency act (cta) introduces a new federal reporting requirement impacting many business entities.
Learn how the corporate transparency act will affect homeowner associations in 2024. The corporate transparency act (cta), which came into effect on january 1, 2024, is a significant piece of legislation aimed at increasing corporate accountability and preventing illicit financial activities for hoa board members.
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