We are a full-service, AV-rated law firm located in Downtown Cleveland, Ohio concentrating in areas of Real Estate Law, Condominium Law, Homeowners Association Law, Construction Defects/Mold Litigation, and Business Law.
Recognizing that additional time may be needed by reporting companies to comply given the preliminary injunction, the January 1, 2025 deadline is extended until January 13, 2025.
On December 3, 2024, the U.S. District Court for the Eastern District of Texas (Texas Top Cop Shop, Inc., et al. v. Garland, et al), granted a preliminary injunction. This is an order that temporarily prevents the government from enforcing the Corporate Transparency Act to include reporting requirements of Beneficial Ownership Information (“BOI”).
Corporate Transparency Act (“CTA”) took effect on January 1, 2024, and it requires most legally formed entities (Corporations, LLCs, etc.), including incorporated Associations, to file with the federal government what is known as a Beneficial Ownership Information Report (“BOI Report”). The filing deadline for Associations formed prior to 2024 is December 31, 2024, while the filing deadline for Associations formed in 2024 is 90 days from the date of formation. On an ongoing basis, if previously reported information changes, an entirely new report must be filed within 30 days of the change occurring.
Stay up to date on changing policies and legal considerations for community association boards and corporations. Ott & Associates works to provide clients with the tools and insights to stay compliant and avoid unecessary litigation.
Knowledge of your business is crucial. We become as knowledgeable as necessary so we can bring you ideas consistent with your business plan and your ideals and prevailing principles.
Entrepreneurial attitudes of our clients are encouraged and nurtured with modern legal and business practices forged by established legal theory. Today’s legal representation demands no less.
1300 E 9th St, Suite 1520
Cleveland, OH 44114
Ph: 216-771-2600
Fx: 216-830-8939
