Does your HOA comply with the new Corporate Transparency Act? Beginning January 1, 2024, the Corporate Transparency Act (“CTA”) requires many small businesses to report information about the association and individuals who exercise “substantial control” over the business. Most homeowner’s associations will also need to report.These reports are filed online with the Treasury Department’s Financial Crime Enforcement Network (FinCEN). If your association was formed before January 1, 2024, you have until the end of 2024 to file. The reports must be updated when changes occur. Failing to report can result in criminal and civil penalties.A homeowner association must report (1) the