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Community Associations Blog

We share the latest insight, information and legal developments that affect community associations. 

Community Associations Blog
September 17, 2024

Corporate Transparency Act Challenged by Community Associations

The Community Associations Institute (“CAI”) has filed a lawsuit to challenge the applicability and constitutionality of the Corporate Transparency Act (“CTA”). The CTA adopted to address money laundering and prevent companies from avoiding taxes through shell companies or other confusing multilayered ownership structures.