[WSBARP] Corporate Transparency Act

[Douglas Scott]

I was informed that if a company is exempt under IRS Code section 501 (c),
such as a non profit company, then they are exempt from reporting under the
CTA.

*DOUGLAS W. SCOTT*
Rainier Legal Advocates|LLC

465 Rainier Blvd. N., Suite C
Issaquah, Washington 98027
425.392.8550 (tel)
425.392.2829 (fax)



www.rainieradvocates.com


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On Thu, Oct 31, 2024 at 2:36 PM Randy Boyer <randyedlynlaw at gmail.com> wrote:

> Listmates,
>
> This new Act is causing havoc with HOAs.  The law is not clear on who are
> the parties that need to disclose.  Some say Board members, some attorney
> state that it could be interpreted as al Owners in the HOA.  The law
> requires personal information including drivers licenses, etc.  It is hard
> enough to get owners to serve as a Board Member.  I am now seeing many
> small developments not having an HOA at all.  Primarily in Seattle who does
> not require HOAs on most short plats.
>
> State law, though, requires all subdivisions and condos to have an HOA.
> To be required to file under CTA the HOA has to be filed with the Secretary
> of State.  Is anyone considering forming an unincorporated HOA to avoid
> CTA.  In the past I have always had filed HOA in order to reduce individual
> liability to property owners.  I don’t think RCW 64.90 requires the HOA to
> be filed but many lenders want so see that. In subdivision many
> jurisdictions require to see the HOA filed.
>
> I am just looking to see if a way can be found to not have HOAs file under
> the CTA.  I heard there might be a bill in Congress to exempt HOA, but who
> knows if that will get any traction.
>
> Randy
> *Randy M. Boyer                                                 ______*
> Attorney, WSBA# 8665
> Law Office of Randy M. Boyer, Inc. P.S.
> 7017 196th St. S.W.  Lynnwood, Washington 98036
> ( *425.712.3107*|   Fax 425.778.2274
> mail to: randyedlynlaw at gmail.com
>
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