New Disclosure Requirements Are Coming for Company Ownership If you have a corporation or limited liability company, or plan to open a new one, you must be aware of new federal regulations that impose reporting requirements beginning in 2024. These regulations will require disclosure of the beneficial owners of the entity, that is, those individuals…
UNDERSTANDING THE CORPORATE TRANSPARENCY ACT On January 1, 2021, Congress enacted the Corporate Transparency Act (CTA) as part of the National Defense Act for Fiscal Year 2021. The main goal of this act is to combat forms of illegal financing and money laundering through the use of anonymous shell companies. This act requires all U.S….
