Month: March 2024

As we previously reported, effective January 1, 2024, corporations are required to file reports identifying all “beneficial owners,” defined as “individuals who directly or indirectly own or control” a corporation. Corporations in business before January 1, 2024, have until January 1, 2025, to file their initial Beneficial Ownership Information (BOI) report. Penalties for non-reporting range […]

Given the unexpected spike in homeowners’ insurance rates in California, one step condominium associations can take to help minimize claims filed against their master policy is to adopt a Water Leak Policy. Beyond insurance considerations, having this type of policy in place is just smart governance. This policy supplements the governing documents and provides homeowners […]