Compliance with Federal Corporate Transparency Act: Euro banknotes in motion stock photo.
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Compliance with the Federal Corporate Transparency Act is Required

You need to be prepared for the CTA.  The Corporate Transparency Act (CTA) is effective January 1, 2024. It requires privately held entities to report beneficial ownership information (BOI) to the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN). The reporting requirements are intended to apply broadly and impact small companies, many of whom have…