Beginning January 1, 2024, almost all small businesses, including corporations, partnerships, and limited liability companies will be required to disclose certain information to the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN).
The Corporate Transparency Act (“CTA”) imposes a massive burden on certain companies (including corporations, limited liability companies, and partnerships) that constitute “reporting companies.” There are a handful of essential steps that you can take now to make the compliance process less stressful come January 1, 2024.
View the checklist here.
