Stay Up To Date with the Corporate Transparency Act
HOAfiling’s Blog on Everything BOI
BOI Updated Filing, Compliance, And Penalties
Noncompliance with the requirements under the Corporate Transparency Act can carry a hefty BOI penalty. Reporting companies, which can include homeowners associations, should be aware of the potential consequences ahead of time.
Do HOAs Report Beneficial Ownership Under CTA?
The Corporate Transparency Act (CTA) requires various companies to file information on their beneficial owners with the Financial Crimes Enforcement Network (FinCEN). This begs the question: Are HOAs included in the filing? Should your HOA report beneficial ownership?…
Understanding The Corporate Transparency Act And BOI
The newly effective Corporate Transparency Act is a federal law that aims to enhance U.S. national security. It has several reporting requirements, which apply to a wide range of organizations operating in the United States. What Is the Corporate Transparency Act…
HOA Management Company BOI Reporting
Homeowners associations rely on management companies to help with tax filings and legal compliance. But what about the newly enacted Corporate Transparency Act? What are the HOA management company’s roles and responsibilities regarding filing? Let’s discuss everything…
A Guide On BOI For HOAs
The Corporate Transparency Act (CTA) has finally taken effect, and with it come several filing requirements for homeowners associations. What is the BOI report for HOAs, and how can board members go about filing it? An Overview of the Corporate Transparency Act The…
Who is Required to Report?
As the new Corporate Transparency Act has taken effect, many homeowners associations ask: who is exempt from BOI reporting? Is the HOA exempt from BOI reporting because it is a non-profit organization? What are the requirements for exemption? Let’s find out. The…
BOI Reporting Requirements: What are They?
Legal compliance is an important part of HOA governance. However, it can be challenging—especially when a new law is passed and no one in the community has any experience with it. That is the case with the newly passed Corporate Transparency Act. What are the BOI…
What is a HOA BOI Report?
Homeowners associations should understand the requirements of the HOA BOI report. Under the Corporate Transparency Act, certain companies must file a report with FinCEN that includes specific information. What is a HOA BOI Report? A HOA BOI report is a Beneficial…
What is the BOI Reporting Rule?
What Is Beneficial Ownership?
What is beneficial ownership? To homeowners associations, this is an important question to answer, especially with the new requirements under the Corporate Transparency Act. What is Beneficial Ownership? What does beneficial ownership mean? Beneficial ownership refers…
HOA FAQ for BOI
FAQs for BOI filing Why is Beneficial Ownership Important in Corporate Transparency Act reports? Simply put, it’s about individuals owning 25% or more of a U.S. small business or having significant control over decisions. The Corporate Transparency Act mandates…