Corporate Transparency Act 2024 Who Must File. The corporate transparency act (the act) requires the filing of information about the beneficial ownership of companies that are subject to this new law. Starting january 1, 2024, the corporate transparency act (cta) introduces a new federal reporting requirement impacting many business entities.
The corporate transparency act (the act) requires the filing of information about the beneficial ownership of companies that are subject to this new law. Nonprofit organizations and their directors, trustees, and others involved in ensuring they comply with federal and state laws need to be aware of a new federal reporting.
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