Search results
29 mar 2024 · A second lawsuit challenging the Corporate Transparency Act (CTA) has been filed—this time, in a Michigan court. Small businesses are pushing back, citing compliance costs, estimated to be...
1 sty 2024 · Beginning January 1, 2024, certain types of corporations, limited liability companies, and other similar entities created in or registered to do business in the United States must report information about their beneficial owners - the persons who ultimately own or control the company - to the United States Department of the Treasury’s ...
17 cze 2024 · There are now six different cases pending in the federal court system challenging the constitutionality of the Corporate Transparency Act (CTA). A brief overview of each case follows.
21 lis 2023 · Beginning January 1, 2024, the Corporate Transparency Act ( “CTA”), will implement information reporting requirements for Michigan corporations, limited liability companies, and other business entities that are and were created in or are and were registered to do business in Michigan and the United States.
25 sty 2024 · The CTA, which took effect January 1, 2024, requires most small and medium-sized businesses to file a Beneficial Ownership Information report disclosing information to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) about the people who own or control the company.
22 lut 2023 · With a stated goal of countering money laundering, the financing of terrorism and other illicit activities (including those of Russian oligarchs currently under U.S. sanctions), Congress passed the Corporate Transparency Act (CTA) in January 2021 as part of the National Defense Authorization Act.
22 gru 2023 · Businesses, family offices and individual entrepreneurs should review their ownership interests to determine whether their entities will be required to comply and, if so, the individuals whose ownership or control must be reported to FinCEN.
