The Corporate Transparency Act is a new law that requires companies to report information on their beneficial owners. It applies to incorporated and unincorporated community associations alike. 因此,hoa必须熟悉该法案以及如何遵守.
什么是《冰球突破豪华版游戏》?
国会通过了 新的联邦法律 即《冰球突破豪华版官网》(CTA). 这项法律是对《冰球突破豪华版官网》的修正. Certain companies must file a Beneficial Ownership Information (BOI) report with the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN).
The federal government created the act to help law enforcement identify, track, 并报告可疑的财务活动. 特别是, the act aims to spot and stop terrorist finance and money laundering schemes to protect national security.
谁必须遵守法案?
Any corporation or limited liability corporation (LLC) must comply with the CTA. It also applies to limited partnerships, statutory trusts, business trusts, and non-U.S. 在这个国家注册经营的公司. 除了, any entity that files with the Secretary of State or a similar office under state law (or an Indian tribe) is required.
Community association lawyers have deemed that condominiums and homeowners associations must comply. This is true whether or not the association is incorporated as a nonprofit organization.
《冰球突破豪华版官网》豁免
一些实体不受《冰球突破豪华版官网》的约束. These include entities with fewer than 20 full-time employees or gross receipts exceeding $5 million in the prior tax year. 除了, CTA特别豁免了银行, 信用合作社, 保险公司, 风险资本, 投资公司, 会计师事务所, 公用事业, 清算机构, 证券交易所.
Apart from these, tax-exempt organizations under the IRS need not comply. This includes community associations with a tax-exempt status, typically under 第501条(c). 然而, these community associations must prove they are eligible for the tax exemption during filing.
如果你不遵守会发生什么?
不遵守规定的后果是可怕的. 举报违规行为将被处以每天500美元的罚款. Meanwhile, willful non-compliance and violations are considered felonies. They will incur penalties of up to $250,000 and up to 2 years of imprisonment.
《冰球突破豪华版官网》要求
冰球突破豪华版官网。owners associations must include the following information in the FinCEN beneficial ownership reporting:
- 业务名称
- 法定全称, 目前家庭住址, 生日, 和身份证号(州ID), 护照, 或公司实益拥有人的驾驶执照
- 如果需要, 法定全称, 目前家庭住址, 生日, 和身份证号(州ID), 护照, 公司申请人的驾驶执照)
关联必须提交更改, 修正, and additions with FinCEN within 30 days after the association becomes aware of the change or mistake.
何谓实益拥有人?
At first glance, the term ‘beneficial owners’ seems to refer to the homeowners of an association. 然而, a beneficial owner does not automatically refer to a homeowner or unit owner in a planned community. 相反,它与个人有关:
- Wield significant control over the association, whether directly or indirectly; or
- 控制或持有至少25%的所有权
因此,受益所有人包括所有人 担任董事会成员. If a developer or declarant still owns 25% of the separate interests, 它及其指定的董事会也被视为受益所有人. Individual unit owners are not beneficial owners unless they own 25% of the separate interests.
On the other hand, specific individuals are exempt from being beneficial owners, including:
- 作为中间人、托管人、代理人或指定人的个人;
- 不担任高级管理人员职务的员工;
- 只关心未来继承权的个人;
- Minor children; and
- 债权人
有了这些定义, it’s unclear whether or not community association managers and management companies are beneficial owners.
什么是公司申请人?
根据CTA的规定,公司申请人必须具备以下条件:
- Creates or registers the company; and
- Is responsible for directing or controlling the filing if multiple persons are involved in the filing
A community association is only required to file the information of their company applicant/s if the community was made or registered on or after January 1, 2024. 此外,每个社区可能只有两家公司申请. 他们可以选择第三方报告公司, HOA董事会合规官, 或业主协会总法律顾问作为公司申请人.
然而, it may be wise to choose a third-party reporting company as the company applicant. They might charge a fee for reporting, but they’re often more reliable and make fewer mistakes. Moreover, the company applicant seems to be responsible for fulfilling their role. Unlike the beneficial owners, they cannot be removed from the records.
《冰球突破豪华版官网》何时生效?
该法案于2024年1月1日生效. 然而, 根据公司透明度法案的更新, existing associations must comply until the end of the year (December 31, 2024). 到那时,他们一定已经在金融犯罪监管局进行了首次注册.
Meanwhile, new entities that were created on or after January 1 have 30 days to register with FinCEN. 最初的合规截止日期是2024年3月31日.
居屋业主必须修订附例吗?
该法案可能需要向联邦政府备案, 但这并不意味着它不会影响政府文件. 强烈建议社区协会 修订其附例 自动取消不合规董事会成员的资格.
不遵守规定会产生严重后果. While the governing documents may allow the members to remove problematic board members, 这个过程通常需要时间,并且需要会员投票. 在那段时间里, 房屋管理局可能已经因违规而受到处罚, 这可能会摧毁社区.
为什么有必要制定《冰球突破豪华版官网》?
The federal Corporate Transparency Act allows the authorities to refer to an accessible national database. 信息触手可及, authorities and firms can easily cross-reference important information about corporations nationwide. This helps law enforcement pinpoint suspicious individuals and track criminal activity.
除了, the database makes it more difficult for small business entities to engage in money laundering schemes. They will not be able to hide assets using shell companies as easily. The increased legal protections can also increase investor confidence.
反对实施居屋计划的请愿书
The consequences of the Corporate Transparency Act are severe for homeowners associations. 它可能会阻止成员自愿加入董事会, 造成岗位空缺,运行效率低下. This is why advocates like the Community Associations Institute (CAI) are campaigning to delay the effective date or to exclude community associations from the Act. 有关的房主和董事会成员可能会表示支持 在这里.
新时代
The Corporate Transparency Act was created to reduce illicit financial activity and track criminals more quickly. 然而, it has serious implications regarding data privacy and security. The increased liability and exposure may deter homeowners from volunteering as board members, 加重社区协会的负担. Nonetheless, it’s best to comply with the regulation to avoid the consequences of non-compliance.
雪松管理集团 offers expert management services to homeowners associations in 田纳西州, 北卡罗莱纳, 南卡罗莱纳. 如需提案,请致电(877)252-3327或 在线冰球突破豪华版官网!
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