What Rental Property Owners Need to Know About the Corporate Transparency Act

The Corporate Transparency Act (CTA) is a new federal law designed to combat money laundering and financial crimes by increasing transparency in business ownership. Under the CTA, many entities are now required to report details about their owners and decision makers to FinCEN, a bureau of the U.S. Treasury.

But what does this mean for rental property owners, managers? The Rental Housing Association of Utah (RHA) recently hosted a webinar diving into the changes, including:

• What the law entails: Learn the requirements and purpose behind the CTA.
• Who it applies to: Understand if your rental business or entity falls under the reporting requirements.
• How it potentially affects you: Get actionable insights to ensure your compliance and avoid penalties.

Staying compliant is important this webinar provides the knowledge you need to navigate these changes.

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THe RHA is here to support your success. Sign up for membership for access to expertly crafted rental agreements, live member support, tenant screening tools, and much more. Whether you're a seasoned rental housing operator or just starting, we’ve got resources to make your business more efficient.

Want more details about Beneficial Ownership Information?
Check out FinCEN's FAQs on BOI for an in depth look at what’s required under the Corporate Transparency Act.