Congress Full Steam Ahead Congress kicked off its second work week of 2024 with two bipartisan, bicameral proposals: a tax package and a stopgap funding deal to avert a government shutdown at the end of the week. The stopgap proposal was released Monday by the Senate Appropriations Committee and has […]
Q: We have an owner in our condominium community who refuses to pay the current monthly assessment. Each month, she sends a check based on our budget from 2 years ago. She says she has not received a copy of the proposed budget 14 days ahead of time for the […]
New Jersey Governor Phil Murphy recently signed S2760 / A4384, a new law effective in New Jersey as of January 8, 2024, which includes two major components affecting community associations. The first component concerns building inspections, and the second component pertains to reserve studies. Read below for an overview of […]
The Corporate Transparency Act (CTA) was enacted by Congress in 2021 to combat tax fraud, money laundering, and even domestic terrorism. Even if this doesn’t sound like something your community association should be concerned about, the CTA is broad-reaching. It will likely require your community association to register certain data […]
Disclosure Requirements for Corporate Entities – Are You Ready? On January 1, 2021 Congress passed the Corporate Transparency Act (“CTA”). The purpose of the CTA is to create a clear standard for incorporation practices throughout the United States for both domestic entities and foreign entities registered to conduct business in […]
