New Corporate Transparency Act ruling: What community associations need to know

New Corporate Transparency Act ruling: What community associations need to know

In a unanimous decision, the U.S. Court of Appeals for the 11th Circuit reversed and remanded a lower court’s stay of the Corporate Transparency Act. This decision lifts the order blocking enforcement of the act issued by a district court in March 2024 that paused all reporting requirements. Despite the court ruling, community associations can continue to ignore the act’s requirements to report beneficial ownership information to the Treasury Department’s Financial Crimes Enforcement Network.

Community standards: 3 strategies for compliance communication

Community standards: 3 strategies for compliance communication

Engaging with homeowners positively and proactively about community standards encourages collaboration and cultivates a sense of shared responsibility. By getting ahead of compliance issues before they become significant problems, we enhance the aesthetic appeal of our neighborhood and can also protect and increase property values. Consider three strategies for communicating about community standards and design guidelines.

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