The Corporate Transparency Act is a federal law that became effective on January 1, 2021, to prevent money laundering, terrorist financing, corruption, and tax fraud by making it easier for the government to identify the individuals who operate certain companies and corporations. Although it would be unlikely that most nonprofit corporations would be engaged in such illegal activity, the Act is broadly written to include homeowners associations, condominium associations, townhome associations,...
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The Fall 2024 edition highlights two essential aspects of community association management: the importance of meeting minutes and the process for handling unpaid assessments. David C. Boy, IV, Esq. emphasizes that meeting minutes are crucial for ensuring transparency, accountability, and legal compliance. Properly documented minutes provide a record of board actions and decisions, serving as vital evidence in disputes. To be effective, boards should prepare minutes in advance, capture key...
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The Summer 2024 edition features an article delving into the significant mail delivery delays experienced by residents in the metro Atlanta area, attributing them to changes within the United States Postal Service (USPS) and closures of local processing centers. These delays, prompting congressional inquiries, pose challenges for community associations reliant on timely mailings, particularly concerning legal notices and assessments. The piece offers insights on managing these delays,...
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Join us for the 2024 Board Boot Camp, a complimentary community association seminar on Saturday, August 24, 2024 from 10:00am to 1:00pm. Board Boot Camp is back! Our firm’s annual Board Boot Camp will be on the morning of Saturday, August 24, 2024. This is a complimentary community association seminar open to all board members (regardless of whether your association is a client) and property managers. This year’s board boot camp will focus on Fiduciary duties of directors and officers;...
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Lueder, Larkin & Hunter, LLC collected $9,885,135.20 for our clients in 2023! We know the importance of collections. We know that clients do not want to pay hundreds or thousands of dollars per delinquent account without getting results. Our firm therefore pioneered the industry with results-oriented collections that we call Common Sense Collections. We place the financial burden of collections and place it where it should be – on the delinquent owner and debtor. Our firm pioneered...
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