Hi everyone,
As many of you might be aware, the U.S. Corporate Transparency Act (CTA) comes into effect at the beginning of 2025.
This act requires certain entities, including condos and HOAs, to report their beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN). Learn more in our blog article here: https://www.condocontrol.com/blog/corporate-transparency-act/
🤔 We're curious to hear your thoughts on this new regulation. How do you feel about the Corporate Transparency Act and its implications for your community? Have any of you already started the filing process, and if so, what has your experience been like?