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Articles by Jessica Statler

IMPORTANT INFORMATION – PLEASE READ – Reminder – CTA Deadline Approaching

This year, the Corporate Transparency Act (CTA) imposed new reporting requirements on many companies in the U.S. Enacted to combat money laundering, the CTA is being used to identify people who form, control, or own many companies operating in the U.S. The information is being gathered by requiring companies to report information about their “Beneficial Owners.” The reports are called “Beneficial Ownership Information Reports,” and they are filed online with the Financial Crimes Enforcement Network (FinCEN).

2024 Maryland Legislative Updates

The 2024 legislative session was another busy one for the Maryland legislature, with over 1,000 bills signed into law. The Maryland Legislative Action Committee of the Community Associations Institute, the trade organization that represents and educates members of the community associations industry, was just as busy monitoring proposed bills and advocating on behalf of community associations in Maryland. Several of the bills that passed affect community associations and go into effect on October 1, 2024. Below is a summary of those bills.

Planning for Incapacity

Incapacity may be sudden, such as a car accident, or the result of a gradual decline, such as Parkinson’s Disease or dementia.  It may happen at any phase of your life.  Being prepared by authorizing others to act for you is key to making sure your wishes are respected, and your finances are secure.