CORPORATE TRANSPARENCY ACT: REPORTING REQUIREMENTS TAKE EFFECT JANUARY 1, 2024

December 15, 2023

CORPORATE TRANSPARENCY ACT: REPORTING REQUIREMENTS TAKE EFFECT JANUARY 1, 2024 Reporting required by the Corporate Transparency Act will take effect on January 1, 2024.  Most small companies will have new reporting requirements with respect to certain owners and management.  This article provides a quick overview of the new reporting requirements. WHAT IS THE CORPORATE TRANSPARENCY ACT? In 2021 Congress enacted…