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The judicial whiplash has come to an end and associations no longer need to worry about complying with the Corporate Transparency Act. On March 2, 2025, the U.S. Treasury Department announced significant changes to the enforcement of the Corporate Transparency Act’s (CTA) beneficial ownership information (BOI) reporting requirements. In a major policy shift, the Treasury […]

Latest Court Decision on CTA Enforcement The judicial whiplash continues! On February 17, the United States District Court for the Eastern District of Texas lifted a nationwide injunction that had halted the enforcement of the Corporate Transparency Act (CTA).  As a result, the reporting requirements under the CTA are now reinstated for applicable community associations. […]

On December 3, 2024, a Texas federal court issued a nationwide preliminary injunction blocking the enforcement of the Corporate Transparency Act (CTA) and its implementing regulations.   Court’s Decision In Texas Top Cop Shop, Inc., et al. v. Garland, et al., the court granted a motion for preliminary injunction that specifically ruled: The CTA improperly regulated […]

We are halfway through 2024, and confusion regarding the Corporate Transparency Act (CTA) still abounds. This new law requires corporations (including community associations) to file a report identifying all “beneficial owners,” defined as individuals who own or exercise “substantial control” over a corporation. There are five specific pieces of personal identifying information that must be […]