The Corporate Transparency Act: A Primer for “Small” Businesses
GovCon & Trade
OCTOBER 20, 2023
The Corporate Transparency Act (CTA), which aims to curb illicit financial activities like money laundering and other fraudulent activities, will go into effect on January 1, 2024. Those reporting companies that were formed or registered prior to January 1, 2024, must submit their BOIR to FinCEN prior to January 1, 2025.
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