Corporate Transparency Act 2024. Beginning january 1, 2024, the us corporate transparency act (cta) will require “reporting companies” to submit a report to the financial crimes enforcement network. The bipartisan corporate transparency act, enacted in 2021 to curb illicit finance, requires many companies doing business in the united states to report information about the.
Small business owners are required to file corporate transparency reports with beneficial. Learn the basics of the corporate transparency act which requires llcs and corporations, both new and existing, to share beneficial ownership information with fincen.