Criminal,
Corporate,
Civil Litigation
Aug. 30, 2024
Corporate Transparency Act: Report card and year-end steps
Failure to report or providing false information can lead to civil and criminal penalties, including a maximum prison sentence of two years for those who willfully provide false or fraudulent information or fail to report complete or updated information.
Brendan Lund
Chair, Hopkins & Carley
Email: blund@hopkinscarley.com
Lund is the chair of Hopkins & Carley's Corporate Practice. He has a hybrid corporate and tax practice. Brendan serves as a strategic business advisor while providing a tax perspective to the overall business goals.
Eber Terceros
Member, Hopkins & Carley
Email: eterceros@hopkinscarley.com
Terceros is a member of Hopkins & Carley's Corporate Practice. He primarily focuses on entity formation, debt and equity financing, and commercial and technology transactions.
With four months remaining in 2024, it makes sense to evaluate the changes to the Corporate Transparency Act (CTA) since January and to provide a strategic roadmap for those entity owners who still must comply with the new law.
Refresh on the Rules
Recall that the CTA requires privately owned entities, including corporations, LLCs, partnerships, and other entities formed under state law, to disclos...
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