ARE YOU AN OWNER OF A CORPORATION OR LLC? UNDERSTANDING THE CORPORATE TRANSPARENCY ACT AND COMPLIANCE IS CRUCIAL
Starting January 1, 2024, a significant change in corporate reporting requirements comes into effect with the effective date of the Corporate Transparency Act (CTA). This new legislation mandates that certain types of companies must disclose specific ownership information to the U.S. Department of the Treasury. Failure to comply with these reporting obligations can result in…