The Corporate Transparency Act (“CTA”) took effect on January 1, 2024, and it likely applies to your small to midsize business. See the video below for details.
You can learn more about the Corporate Transparency Act and its requirements, who is a “Beneficial Owner,” and exemptions for reporting by visiting the Financial Crimes Enforcement Network (“FinCEN”) website: https://www.fincen.gov/boi.
If our firm can be of assistance in determining whether the CTA applies to your company, or with the reporting requirement, please do not hesitate to contact us.
