A U.S. District Court judge in Alabama recently ruled that the Corporate Transparency Act (CTA) is unconstitutional. The CTA, enacted on January 1, 2021, directs the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) to establish a nationwide database of beneficial ownership of certain corporations and other legal entities, including:
Directors and board members of … Read More ›
“2024 Illinois Landlord Legal Updates – Part 2” – KSN landlord/tenant attorney Jessica Ryan discusses important legal updates impacting Illinois landlords and rental property managers.
Topics include the Just Housing ordinance, Cook County Residential Tenant Landlord ordinance, source of income, state of evictions, and more. (50 mins.)
The KSN Podcast examines various aspects of association law, landlord/tenant issues, … Read More ›
The Corporate Transparency Act (CTA) is a U.S. law that was passed in 2021. It requires certain businesses to disclose ownership information to the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury.
The federal law was created to increase business transparency and accountability to prevent illegal activities, particularly … Read More ›
The 2024 security deposit interest rate has been set by the Illinois Department of Financial and Professional Regulation (IDPFR).
As noted on the Illinois Department of Financial and Professional Regulation website:
“The Illinois Department of Financial and Professional Regulation, Division of Banking announced today that the interest rate paid by the largest commercial bank … Read More ›