The Corporate Transparency Act (CTA) is set to enforce new transparency reporting requirements for businesses and community associations, with a critical filing deadline on January 1, 2025. Recent developments highlight the need for compliance, particularly in residential real estate closings, as emphasized by new FinCEN rules. Legal experts from firms such as Katten Law, Greenberg Gluske, and Stark & Stark are advising organizations to prepare for these changes to avoid penalties.