The Corporate Transparency Act: What does it mean for you?
The Corporate Transparency Act (CTA), effective January 1, 2024, was established by Congress to limit the anonymity of corporate structures with the goal of combatting elicit financial activities, enhancing national security, and promoting the integrity and fairness of the financial system.[1] The CTA requires millions of newly established and pre-existing businesses (corporations, limited liability companies, […]
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