Corporate Transparency Act

The Corporate Transparency Act (CTA) is a pivotal legislation designed to enhance corporate accountability by mandating that corporations and LLCs disclose their beneficial owners to the federal government. The CTA is a significant step towards combating illicit activities and encouraging a more transparent business environment in the U.S. Explore more about this new law and its impact on your business.


Man looking concerned with CTA sign and explosion in the background.

What is the New Rule for LLCs in 2024? The Corporate Transparency Act

June 14, 2024 04:06 pm by LawInc Staff

Corporate Transparency Act Now in Effect for LLCs As of the first of January, 2024, the Corporate Transparency Act (CTA) requires most new U.S. LLCs and corporations to disclose their beneficial...

Shocked businessman with exploding background representing the impact of the Corporate Transparency Act

Corporate Transparency Act Bombshell: Why Your Business Needs to Act NOW

June 01, 2024 11:06 am by LawInc Staff

A bombshell new law called the Corporate Transparency Act (CTA) now requires millions of U.S. companies to disclose previously private information about their owners to the federal government. Failing to...

Business owner standing confidently in office environment, facing the camera with a concerned expression

Do Corporate Transparency Act Reporting Requirements Still Apply to Companies Dissolved Shortly After January 1, 2024?

January 17, 2024 05:01 pm by LawInc Staff

Key Date for CTA Reporting Obligations The Corporate Transparency Act (CTA) requires certain companies to report beneficial ownership information to FinCEN. The key date for determining if a company has to...

Corporate Transparency Act guide cover image

2024's New Corporate Transparency Law: What Every Business Must Know

January 09, 2024 07:01 am by LawInc Staff

A new era of corporate transparency emerged on January 1, 2024. The Corporate Transparency Act (CTA) established sweeping regulations requiring certain entities disclose current ownership structures to the federal government. Navigating...

Diagram of Corporate Structure under Corporate Transparency Act

Corporate Transparency Act 2024: Essential Guide to Beneficial Ownership Reporting

January 02, 2024 03:01 pm by LawInc Staff

The Corporate Transparency Act brings major changes to federal regulations surrounding beneficial ownership reporting for certain U.S. companies. Signed into law in January 2021, it mandates gathering identifying details on...

Image of an LLC owner contemplating the Corporate Transparency Act penalties

How Your Corporation or LLC Can Send You to Prison

December 02, 2023 05:12 pm by LawInc Staff

With over 6 million corporations and limited liability companies (LLCs) formed in the U.S. annually, business entity creation is ubiquitous. However, the recent Corporate Transparency Act (CTA) imposes new federal...

Business owner preparing for Corporate Transparency Act compliance.

Extended Reporting Period Under the Corporate Transparency Act: What Businesses Need to Know

September 28, 2023 05:09 pm by LawInc Staff

On September 28, 2023, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a Proposed Rule to extend the period for reporting beneficial ownership under the Corporate...

Entrepreneur reviewing the FinCEN Beneficial Ownership Guidelines.

Starting an LLC or Corporation? Decoding FinCEN's New Corporate Transparency Act (CTA) Compliance Guide

September 19, 2023 04:09 pm by Zach Javdan

In the ever-evolving landscape of business regulations, staying informed is not just a matter of compliance—it’s a strategic necessity. For entrepreneurs and businesses venturing into the realms of LLCs and...

Graphic representation of the Corporate Transparency Act (CTA) with symbols of scales, documents, and business entities, emphasizing the importance of compliance and transparency in the business sector.

Why Corporations & LLCs Must Prepare for the Corporate Transparency Act Now

September 12, 2023 07:09 pm by LawInc Staff

The Corporate Transparency Act (CTA) represents a significant shift in the business regulatory landscape, designed to bolster transparency and counteract money laundering, terrorism financing, and other illicit financial activities. As...

Corporate Transparency Act, beneficial ownership reporting, and its implications

Navigating the Corporate Transparency Act (CTA): 5 Key Points

May 15, 2023 04:05 pm by LawInc Staff

The Corporate Transparency Act (CTA) has been a hot topic of discussion since it was enacted in 2021. The objective of the CTA is to curb illegal activities like money...