Good News for Community Associations: Federal Court Halts CTA Filing Requirements Nationwide
A federal court has issued a preliminary order halting the enforcement of the Corporate Transparency Act (CTA) filing requirements nationwide. This ruling temporarily suspends all filings and enforcement until further notice.
While this order represents a significant development, it is preliminary and likely to face challenges in the courts. AMG advises all associations to take a cautious approach and reiterates its prior guidance:
SAVE YOUR MONEY AND WAIT TO FILE.
AMG reminds its clients and all associations that it does not provide legal services. AMG strongly recommends consulting with your legal counsel before making any decisions regarding compliance with the CTA.
For reference, the court order can be viewed at: Court Order Link.
AMG Press Release
HOA Manager AMG Announces Good News for Community Associations: Federal Court Halts CTA Filing Requirements Nationwide
Email Update from CAI
Latest email update from Thomas M. Skiba, CAE, Chief Executive Officer, Community Associations Institute
AMG Guide on CTA
The Corporate Transparency Act (CTA) is a significant piece of legislation affecting Homeowners Associations (HOAs) across the United States. This AMG Guide will help you understand the CTA, its implications for your HOA, and what steps you need to take to comply.
AMG Introductory Video on CTA
Please take a moment to watch this informative video, prepared by Association Management Group, which provides a comprehensive introduction to the Corporate Transparency Act. This video is designed to give you a clear overview of the key provisions and implications of the Act, helping you understand its significance for HOAs.
COMING Soon - The Complete Guide to the Corporate Transparency Act for HOAs Book
By Paul K. Mengert
Official Website to THE Corprate Transparency Act
Official Website TO The Community Associations Institute v United States Department of Treasury
https://www.caionline.org/advocacy/advocacy-priorities-overview/corporate-transparency-act/
Podcast Episode on CTA
Corporate Transparency Act – what you need to know as part of an HOA. Who is going to be part of a reporting company? What information do you need to report? When is the timeline and deadlines? Tune in to this podcast to learn more about the Corporate Transparency Act.
