The latest installment of the Corporate Transparency Act (CTA) saga occurred today, January 23, 2025, when the U.S. Supreme Court reinstated the CTA beneficial owner information (BOI) reporting requirements, pending appeal on the merits of the underlying lawsuit. Previously, a nationwide injunction was entered, temporarily halting enforcement of the CTA.
In the interim, federal legislation has been introduced to repeal the Corporate Transparency Act in its entirety. H.R. 425 and S. 100 represent joint efforts by the federal House and Senate to preclude what many perceive as governmental overreach that precipitated a plethora of lawsuits challenging the constitutionality of the CTA. For more information on the CTA, check out this blog. If you have any specific questions regarding the CTA and your common interest community, please contact your community’s legal counsel.
HB25-1043 becomes effective on October 1, 2025. The Bill will impact how homeowner associations conduct…
Colorado HB25-1182 is an effort to help reduce and mitigate property insurance costs. The Bill…
HB25-1123 continues to take shape as it makes its way from the Colorado House to…
Proposed HB25-1043 may further hinder associations' ability to recover delinquent assessments. In 2022 (HB22-1137) and…
As a community association’s volunteer Board member or manager, it is your fiduciary responsibility to…
It’s back!! The nationwide injunction pausing enforcement of the Corporate Transparency Act (CTA) was lifted…