Jan 25, 2024
Corporate Transparency Act 2024: Beneficial Ownership Information Report
- Category:
- Featured
- Business Law
Effective January 1, 2024, the Corporate Transparency Act (the “CTA”) imposes a new filing requirement on corporations, LLCs, and any other entity created by a filing with the Secretary of State, regardless of when the entity was formed (called “reporting company”), unless an exemption applies. There are 23 exemptions, which include publicly traded companies meeting specified requirements, many nonprofits, and certain large operating companies. Each reporting [...]