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 persons (termed “beneficial owners”) to the Financial Crimes Enforcement Network (“FinCEN”), a bureau of the U.S. Treasury Department. This personal information includes full legal name, date of birth, residential address, and a copy of government-issued identification, such as a driver’s license or passport. All reported information must be kept current.

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By Susan H. McCollum – October 2022

What does it mean to work remotely?  It is a worker who does their job from a location other than a central office run by the company.  It could be at home or anywhere outside the traditional office building. Read more