As you may recall, the Department of Justice (“DOJ”) has filed a Notice of Appeal of the preliminary injunction issued by the US District Court for the Eastern District of Texas against the Beneficial Ownership Report (“BOI”) required to be filed by January 1, 2025 pursuant to the Corporate Transparency Act (“CTA”). OnGo to Resource
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At Altitude Community Law, it’s important that we keep our clients up to date with the most recent information in the community association industry. As part of our educational strategies, our newsletters and blogs will give you deeper insight into the intricacies of community association law. We believe that the right attitude stems from being well versed in the knowledge necessary for community association operations, governance, and enforcement.
Below, check out the most recent news and in-depth insight by our Altitude Team:
As I’m sure you’ve already heard by now, on Tuesday December 3rd the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction in the case of Texas Top Cop Shop, Inc. et al. vs. Garland. That Court determined that the CTA reporting requirements are likely unconstitutional and grantedGo to Resource
As you may know, the Community Associations Institute (“CAI”) filed a lawsuit against the US Department of the Treasury requesting associations be exempted from the requirements of the Corporate Transparency Act (“CTA”). While we had been holding out hope that CAI would be able to obtain at least a temporary stay on theGo to Resource
Is finding a parking space in your community challenging? Condominium and townhome-style communities often have open parking lots which may include individually assigned parking spaces and/or parking spaces which are available on a first-come, first-served basis. Such communities commonly adopt parking rules that aim to increase safety, improve the flow of traffic,Go to Resource
What is the CTA? The CTA is a federal law that is focused on combating illicit financial activity. It’s intended to prevent money laundering, tax fraud, terrorist financing, and other illegal financial activity that could occur through shell companies or other non-transparent ownership structures. The CTA creates a new reporting requirement under whichGo to Resource