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New Law Affecting Most Small Businesses

by | May 30, 2024 | Firm News

The Corporate Transparency Act (CTA) is in effect from January 1, 2024.

It’s a new law that increases the reporting requirements for most small businesses.

As a business owner, you will need to know if if the new rules under the CTA apply to your organization.

When and where are you required to report Business Owner Information (BOI)?
What information must be reported?
What is a FINCEN Identifying Number?
Who is a Beneficial Owner?
Is my company required to report its company applicant?
What is a domestic reporting entity?
What entities are exempt?

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