We wanted to provide you with recent updates on the Corporate Transparency Act (“CTA”). Under the CTA, FinCEN (the “Financial Crimes Enforcement Network of the U.S. Treasury”) is required to develop a nationwide database of private company “beneficial owners.” The CTA requires most small companies in the U.S. to file beneficial ownership information (“BOI”) reports […]
CTA Overview We wanted to provide you with recent updates on the Corporate Transparency Act (“CTA”). Under the CTA, FinCEN (the “Financial Crimes Enforcement Network of the U.S. Treasury”) is required to develop a nationwide database of private company “beneficial owners”. The CTA requires most small companies in the U.S. to file beneficial ownership information […]
As a follow up to our blog post entitled “Corporate Transparency Act Overview” on July 18, 2024, today’s post focuses on some specifics about the Corporate Transparency Act that business owners will need to know as we enter into the final quarter of 2024. Changes to Due Date for Initial Report for New Business […]
