Corporate Transparency Act 2024: Exemptions, Penalties, Compliance and MoreÂ
Is your business ready for a new era of transparency? The Corporate Transparency Act 2024 (CTA) is here, and with deadlines fast approaching, the clock is ticking for businesses to comply. Starting in 2024, this new law requires many businesses to disclose information about their beneficial owners to the federal government. If your business operates outside its state of incorporation and you’ve failed to establish an LLC or S-Corp properly, you’re waving a red flag to FinCEN and the IRS. Â