The Corporate Transparency Act (“CTA”), which was was originally enacted by Congress on January 1, 2021 for the purpose of preventing money laundering, tax fraud, and other similar activities, requires small corporations in the United States to file reports with the Financial Crimes Enforcement Network (“FinCEN”) on or before December 31, 2024, disclosingGo to Resource
Blog
The next meeting for the HOA Task Force (as created under HB23-1105) is currently scheduled for Tuesday, January 16, 2024. The meeting will again be held virtually, and interested persons may register to attend the meeting via zoom or may watch the meeting live on YouTube. The agenda for the January 16, 2024Go to Resource
House Bill 24-1078 was recently introduced into the 2024 legislative session and, if passed, it will affect CAMS and their management companies by reinstating and furthering licensure requirements for both. The long and short of the bill is that business entities that perform community association management for common interest communities in the stateGo to Resource
The new year is just around the corner. Are you ready? Do you have all your ducks, or should I say “docs” in a row? Although most associations have an inspection of records policy that identifies which records must be kept open for inspection under CCIOA, many boards and managers have been askingGo to Resource
With continued inflation, rising costs of materials, and the volatility of our current economy, we continue to experience financial impacts to community associations, including the impact to an association when one of its vendors decides to file bankruptcy. There are a few different types of bankruptcy a vendor may file and different processesGo to Resource