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Important Notice For Business Entities Regarding the Corporate Transparency Act
The Corporate Transparency Act (CTA) became effective on January 1, 2024, initiating a new reporting requirement that affects most existing and newly formed businesses. This new law is unlike any requirement previously mandated for businesses. Businesses are now required to provide information concerning their companies’ Beneficial Ownership Information (BOI) to the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN). The…
