Building Blocks by Daisy

The Corporate Transparency Act is back in effect— What it means for condo and co-op boards

Daisy Season 1 Episode 6

After facing legal challenges, the Corporate Transparency Act (CTA) is now back in effect—with an extended filing deadline of March 21, 2025. In this episode, we break down the key requirements and the serious consequences of non-compliance. From hefty fines to personal liability for board members, the stakes are high. We’ll cover who needs to file, what information must be reported, and why staying ahead of these new rules is crucial for condos and co-ops. Learn more here.