Navigating the Corporate Transparency Act for HOAs #193
Manage episode 449853857 series 3438704
Host Regan Brown sit down with welcomes Dawn M. Bauman from the Community Associations Institute (CAI) to discuss the Corporate Transparency Act and its implications for homeowners associations (HOAs). The conversation covers the nature of the act, the responsibilities it imposes on community associations, and the ongoing efforts by CAI to seek exemptions for HOAs.
Chapters
00:00 Introduction to CAI and the Corporate Transparency Act
02:10 Understanding the Corporate Transparency Act
04:47 Exemptions and Responsibilities for HOAs
07:50 CAI's Efforts to Exempt HOAs
11:29 Current Status of Legislative Efforts
13:32 Consequences of Non-Compliance
15:38 Political Dynamics and Future Outlook
17:18 Recommendations for Community Associations
20:11 Concerns and Resignations Among Board Members
22:22 Call to Action and Resources for HOAs
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