The New Federal Law on Corporate Transparency – What Business Owners and Their Advisors Need to Know Now
By EsqSocial Corporation 13/05/21
Approved by Congress in January 2021, the Corporate Transparency Act (CTA) is a new federal law requiring many business entities to identify to the Treasury Department the individuals who own a 25 percent or greater interest in the entity or who otherwise exercise substantial control over the entity. The CTA seeks to identify entities used for money laundering and other criminal activities by requiring entities to disclose their ownership and control......
By: Brooks Pierce