Update on the Corporate Transparency Act
By Natasha Bhushan – August 2024 The Corporate Transparency Act (the “CTA”),[i] effective January 1, 2024, is arguably the most far-reaching federal legislation in twenty years. It requires an estimated 32.6 million existing business entities, plus an estimated 5 million new business entities per year,[ii] to report personal information about the entity’s owners and control […]