Beth Pfeiffer Published Articles

CTA Update

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.

Our Clients Ask Us: Electronic Board Meetings

Question:  Our Association is involved in pending litigation, and we have reached a tentative settlement with the opposing party.  We need to vote on approving the settlement; however, one of our board members is out of the country and cannot be reached at this time.  Can the 4 out of 5 board members just vote to approve the settlement?

Our Clients Ask Us: Hardship Exception for Maintenance Fees

Question:  We have a member who is delinquent in their association maintenance fees.  The Board feels bad for the owner and their current situation.  We want to make a hardship exception for this individual.  Can we make a hardship exception for this owner to delay payments or to waive late fees?

Our Clients Ask Us: Judgment Recovery Companies

Question:  Does it make sense for our Association to sell unpaid collection accounts to a third-party judgment recovery company for a cash lump sum?

The Internet's Role In Employment Decisions