The Corporate Transparency Act:
Beneficial Ownership Information Reporting Requirement
Effective January 1, 2024
By: Scott M. Ceurvels, Esq.
Beginning on January 1, 2024, new rules implementing the Corporate Transparency Act (“CTA”) will take effect, imposing obligations on many small businesses nationwide to report beneficial ownership information to the federal government. The link below provides information pertaining to the key details and frequently asked questions regarding these obligations, including:
- Who is Required to Report?
- What has to be Reported?
- When is the Deadline?
- Who are the “Beneficial Owners?”
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- Where do I Report?
- What if I Don’t Report?
- Why is this Required?
- What’s Next?
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For the answers to these questions and how we can assist you with compliance, see: CTA Reporting Requirements
For further information regarding your particular circumstances, or if you need assistance with compliance, reach out to your accountant or contact us at (315) 471-8111.
This article is intended to be for informational and discussion purposes only and is not to be construed as legal advice or as a legal opinion on which certain actions should or should not be taken.