BENEFICIAL OWNERSHIP REPORTING REQUIREMENTS FOR SMALL BUSINESSES BEGINNING JANUARY 1, 2024
What Is Beneficial Ownership Reporting? As you may have heard, the U.S. Treasury Department recently adopted final rules implementing the beneficial ownership reporting requirements that originally were introduced under the Corporate Transparency Act (CTA), part of the Anti-Money Laundering Act of 2020. The CTA was designed to identify corporate shells and curtail the use of […]