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BOI Reporting: Corporate Transparency Act Update (Feb. 2025)

Yardi Breeze

Update: January 3, 2025 On December 27, 2024, the United States Court of Appeals for the Fifth Circuit temporarily blocked enforcement of the Corporate Transparency Act (CTA). At least until that hearing is resolved, there will be no BOI reporting requirements enforced by the federal government. On December 23, 2024, the U.S.

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The 5 best rental markets in Florida for investors & property managers in 2025

Buildium

And Floridas favorable tax policies and regulations are also attracting businesses to the state: Companies like Apple , Amazon , Goldman Sachs , and Citadel have all increased their presence in Miami. The citys largest employers include Florida State University, the state government, and Tallahassee Memorial Hospital.

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BOI Reporting: Corporate Transparency Act Update

Yardi Breeze

Important update as of December 12, 2024 A nationwide court order has temporarily put a hold on the requirement for businesses to report Beneficial Ownership Information (BOI) under the Corporate Transparency Act (CTA). The end of the first reporting deadline is January 1, 2025 (applicable to businesses formed before January 1, 2024).

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BOI Reporting: Corporate Transparency Act Update (Late 2024)

Yardi Breeze

For businesses formed before January 1, 2024, compliance will ensure you avoid fines of $591 per violation per day (subject to inflation). The end of the first reporting deadline is January 1, 2025 (applicable to businesses formed before January 1, 2024). Companies formed after January 1, 2024, must report within 90 days of formation.

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BOI Reporting: Corporate Transparency Act Update (Late 2024)

Yardi Breeze

For businesses formed before January 1, 2024, compliance will ensure you avoid fines of $591 per violation per day (subject to inflation). The end of the first reporting deadline is January 1, 2025 (applicable to businesses formed before January 1, 2024). Companies formed after January 1, 2024, must report within 90 days of formation.

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New 2025 condo and HOA laws for U.S. states

Condo Control

California Florida Illinois You can also check out laws that came into effect in 2024 and previous years for each state. Owners living in California can elect directors and amend governing documents using electronic secret ballots as of January 1, 2025. Check out the new laws that have come into effect in 2025. Recent U.S.

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Reserve fund requirements for Canadian condominiums and stratas

Condo Control

Reserve fund studies Ontario reserve fund requirements Alberta reserve fund requirements British Columbia reserve fund requirements The law (SB 4-D) , which took effect at the end of 2024, requires condominium associations to complete milestone structural inspections and fully fund reserve funds.