Corporate Transparency Act: New Reporting Standard for U.S. Businesses
October 29, 2024
Most businesses now have until January 1, 2025 to file their Beneficial Ownership Information to the Financial Crimes Enforcement Network (FinCEN). What is the Corporate Transparency Act? The Corporate Transparency Act (CTA) took effect January 1, 2024 requiring certain companies to submit beneficial ownership information reports (BOI Reports) to FinCEN. Beneficial ownership refers to individuals
