On Jan. 1, 2024, the Corporate Transparency Act (the “CTA”) went into effect, requiring many companies operating in the U.S. to report information about the individuals who own or control each reporting company to the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN). The goal of CTA is to increase visibility into business entity...
"What you need to know about the Beneficial Ownership Information reporting requirements under the Corporate Transparency Act"Continue reading