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.
RECENT ARTICLES
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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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