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
The first meeting of the Homeowners’ Rights Task Force occurred on October 24, 2023. At this initial meeting of the task force, brief discussion occurred about such topics as HOA manager licensing, options for resolving association disputes with homeowners that would be outside of the traditional lawsuit actions, the HOA budgeting process andGo to Resource
The Corporate Transparency Act (“CTA”) was originally enacted in 2021 for the purpose of preventing money laundering, tax fraud, and other similar activities, by requiring corporations in the United States to file reports with the federal government regarding their beneficial owners.   These reporting requirements are scheduled to take effect on January 1, 2024,Go to Resource
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