As we discussed in parts one and two of this blog series, there’s a new compliance requirement for many small businesses: the Corporate Transparency Act. This law was designed to disrupt criminal activities such as money...more
As we discussed in part one of this series, the Corporate Transparency Act is in effect as of January 1, 2024, requiring that private companies report information about their beneficial owners to the Department of Treasury’s...more
In January of 2021, Congress passed the Corporate Transparency Act of 2019 (the “CTA”) as part of the 2021 Defense Bill. Initially introduced in 2019, the CTA requires private companies to disclose their “Beneficial Owners”...more
12/12/2023
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Corporate Transparency Act ,
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False Statements ,
Financial Crimes ,
Financial Institutions ,
FinCEN ,
Foreign Jurisdictions ,
Income Taxes ,
Limited Liability Company (LLC) ,
Ownership Interest ,
Reporting Requirements ,
SCC ,
Smaller Reporting Companies ,
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Transparency ,
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