Video Tips: Beneficial Owner Reporting Requirements Starting 2024
The CTA passed a new reporting requirements for businesses in the US, focusing on beneficial ownership, starting in 2024.
January 6, 2024
The Corporate Transparency Act (CTA), passed as part of the National Defense Authorization Act for Fiscal Year 2021, introduces new reporting requirements for businesses in the United States, specifically focusing on beneficial ownership. This reporting begins in 2024, and it is something all businesses should be aware of.