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The Company Transparency Act: What U.S. Companies Should Do Currently
For years, U.S. law enforcement watched dirty money hide in plain sight through anonymous shell companies. The Corporate Transparency Act, or CTA, was Congress’s answer: a federal beneficial ownership reporting regime that pulls secrecy into view. It went live January 1, 2024, with the Financial Crimes Enforcement Network, FinCEN, managing the system. The rules are deceptively simple, but the deadlines, definitions, and edge cases are where businesses stumble. If you form c
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