01/15/2024
If you own or operate a limited liability company (LLC), corporation or other business entity in the United States, you may be subject to a new reporting requirement that took effect on January 1, 2024. The Corporate Transparency Act (CTA), a set of new regulations implemented by the Financial Crimes Enforcement Network (FinCEN), requires certain entities to submit a report declaring beneficial ownership information to FinCEN. Depending on when the entity was formed, you may have a short window of time to file that report. Here is a blog that explains the new requirements.
If you own or operate a limited liability company (LLC), corporation or other business entity in the United States, you may be subject to a new reporting requirement that took effect on January 1, 2024. The Corporate Transparency Act (CTA), a set of new r