Corporate
Nov. 21, 2024
Why attorneys need to address the Corporate Transparency Act today
Attorneys should help clients identify beneficial owners, gather required information, establish compliance systems, and ensure timely filing to avoid penalties.
Brandon Largent
Provisionally Licensed Lawyer, Goyette, Ruano & Thompson, Inc.
Toward the end of every calendar year, attorneys who work with businesses and corporations spend time prepping those clients for laws that could impact them in the coming year. This year is no different, and there's a federal statute that businesses must address because the financial impact could be severe otherwise.
The Corporate Transparency Act (CTA), a critical part of the Anti-Money Laundering Act of 2020, mandates that many U.S.-based businesses fi...
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