We are now a year into the effective date of what is colloquially known as the Structural Integrity Act (Act). The law combines two important obligations condominium associations or cooperatives must now adhere to, inspection...more
There are three important requirements affecting New Jersey Community Associations: Reserve Studies Compliance, the Corporate Transparency Act (CTA) Compliance and Structural Integrity Compliance. Please ensure your...more
As we enter the last quarter of 2024, we want to again remind our New Jersey community association clients to review whether their buildings require structural inspections pursuant to the new Structural Integrity Law...more
As the end of the year approaches, there has been no determination that community associations will be relieved of the requirement to comply with the Corporate Transparency Act (CTA). While we remain hopeful of a legislative...more
9/18/2024
/ Beneficial Owner ,
Community Associations ,
Compliance ,
Condominium Associations ,
Corporate Governance ,
Corporate Transparency Act ,
Deadlines ,
FinCEN ,
Homeowners Association (HOA) ,
Penalties ,
Reporting Requirements
On January 1, 2024, the Corporate Transparency Act (the “CTA”) became effective. The main goal of the CTA is to combat financial crimes by enhancing transparency in the ownership and control of corporations. ...more
1/24/2024
/ Beneficial Owner ,
Community Associations ,
Compliance ,
Condominium Associations ,
Corporate Governance ,
Corporate Transparency Act ,
Deadlines ,
Filing Deadlines ,
FinCEN ,
Homeowners Association (HOA) ,
Penalties ,
Reporting Requirements