Corporate Transparency Act Update

March 28, 2025
On March 21, 2025, Financial Crimes Enforcement Network (FinCEN), of the U.S. Department of Treasury which enforces the Corporate Transparency Act (CTA) issued an interim final rule removing the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN. The final rule is anticipated to be issued and in effect this year.
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CAI’s Virginia Legislative Action Committee (VALAC) Issues a Call to Action Opposing HB 2542- HAM radio legislation

January 22, 2025

HB 2542 is proposed Virginia legislation which aims to prohibit associations from being able to restrict installation of HAM radio antennae upon shared roofing structures, patios, balconies and other areas owned or controlled by owners within condominium, cooperatives, and property owners associations, unless the recorded covenants explicitly prohibit these antennae. 

Please find the link below for the CAI’s VALAC call to action for community associations to oppose HB 2542.OSE HB 2542

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Corporate Transparency Act Update – December 27, 2024

December 30, 2024
Last night, December 26, 2024, the US Court of Appeals for the 5th Circuit vacated the order entered on December 23, 2024 that reinstated the filing requirements under the federal Corporate Transparency Act (“CTA”). This is the same court order that was the focus of our December 24, 2024 client alert to you, which highlighted that a new filing deadline of January 13, 2025 had been announced by FinCEN, the department that enforces CTA.
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