Results for: "Corporate Transparency Act"

CAI Files Amicus Brief with the U. S. Supreme Court to Pause Corporate Transparency Act’s Reporting Requirements

Corporate Transparency Act Beneficial Ownership Reporting Requirements Reinstated by Federal Court and Deadline Extended by FinCEN

Community associations must take seriously new mandatory filing requirements under the Corporate Transparency Act, legal experts advise.Ronald Barba, an attorney with Bender, Anderson @ Barba in North Haven, Conn., urges community associations to be proactive and begin the process now to meet their obligations and prevent severe penalties. Barba presented during CAI@s recent webinar,@The Corporate Transparency Act: Everything To Know To Ensure Compliance@(now available on demand).

CAI is challenging the application of the Corporate Transparency Act beneficial ownership interest filing requirements on community associations.

CAI is challenging the application of the Corporate Transparency Act beneficial ownership interest filing requirements on community associations.

While many questions remain regarding the legitimacy of the Corporate Transparency Act, we do know this: If not revoked and if no changes are made, community association board members will be required to register with the federal government. This legal requirement could have a chilling effect on volunteerism. Come ready for an overview of the act, its requirements, and the consequences.

Corporate Transparency Act requirements became effective Jan. 1, forcing many community association officers and directors to register with the Department of Treasury’s Financial Crimes Enforcement Network. Tune in to learn who must register, whether certain associations are exempt from compliance, and the information that must be provided.

While many questions remain regarding the legitimacy of the Corporate Transparency Act, we do know this: If not revoked and if no changes are made, community association board members will be required to register with the federal government by Jan. 1. Come ready for an overview of the federal law, its requirements, the consequences, and what may happen next.

Community Associations Institute (CAI), the leading international authority on community association governance, education, and management, is calling on policymakers to exempt homeowners associations, condominiums, and housing cooperatives from the beneficial ownership interest reporting requirements outlined in the Corporate Transparency Act.@Enacted by Congress in 2021, the Corporate Transparency Act aims to enhance transparency in corporate ownership structures and combat financial crimes...

Community Associations Institute (CAI), the leading international authority on community association governance, education, and management, has filed an amicus brief addressing the constitutionality of the Corporate Transparency Act in the United States Court of Appeals for the 11th Circuit.The case,@National Small Business United d/b/a the National Small Business Association, et al.,@v.@Janet Yellen, Secretary of the Treasury, et al.,@centers on a challenge to the act@s constitutional validi...

Community Associations Institute (CAI), the leading international authority on community association governance, education, and management, is calling for urgent action on bipartisan legislation aimed at delaying the implementation of the Corporate Transparency Act.@The act poses significant challenges and potential harm to homeowners in community associations, who could face undue compliance burdens and financial strain. CAI emphasizes the need for exemptions and delays in filing requirement...

Last week, the U.S. District Court in Alexandria, Va., denied CAI’s request for a preliminary injunction in Community Associations Institute v. U.S. Department of Treasury. While the decision is disappointing, CAI’s efforts to protect community associations from the burdensome requirements mandated under the Corporate Transparency Act continue.

Motion hearing today in pending lawsuit aims to halt enforcement of the act for community associations.@Today, the United States District Court for the Eastern District of Virginia will hold its first hearing in the case of Community Associations Institute, et al. v. Janet Yellen, et al. Community Associations Institute, the leading international authority on the community association housing model that includes condominium associations, homeowners associations, and housing cooperatives, is p...

CAI argues the Act violates constitutional rights, is an overreach of Federal Powers, and Violates Equal Protection.@@Community Associations Institute, the leading international authority on the community association housing model; including condominium associations,@homeowners@associations, and housing cooperatives, filed a lawsuit against the United States Department of the Treasury in the U.S. District Court for the Eastern District of Virginia challenging the federal Corporate Transparenc...

Software provider offers secure, fraud-proof filing for Corporate Transparency Act compliance.@Community Associations Institute, the leading international authority of resources and information for condominium associations, homeowners associations, and housing cooperatives is excited to announce HOACTA as its newest Premier Partner sponsor. As community associations across the U.S. navigate the federal Corporate Transparency Act, HOACTA offers a software solution that simplifies compliance, p...

Decision provides relief for community associations facing burdensome reporting requirements@Community Associations Institute applauds the Dec. 3 decision by the U.S. District Court for the Eastern District of Texas in Texas Top Cop Shop, Inc., et al. v. Garland, et al. to issue a preliminary nationwide injunction against the Corporate Transparency Act.@The court decision immediately blocks the U.S. Department of Treasury from enforcing reporting requirements that mandate business owners@incl...