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What you need to know about the Corporate Transparency Act (CTA) - The CTA establishes a beneficial ownership reporting requirement for corporations, limited liability companies, and other similar entities formed or registered to do business in the United States. Beneficial ownership reports must be filed with the Financial Crimes Enforcement Network (FinCEN), a bureau within the U.S. Department of Treasury. The filing deadline for most eligible businesses is January 1, 2025. Failure to file can result in civil penalties of up to $591 per day, as well as criminal penalties. Find out more about the Corporate Transparency Act, the effect on small businesses, and how to comply!

 

Join LegalCORPS Lead Staff Attorney, Joshua Franklin, for an online workshop about the Corporate Transparency Act (CTA). This online workshop will be offered on Thursday, December 5 at Noon and on Thursday, Decembrer 19 at 5:30 PM. Click HERE to register and learn about the CTA’s effect on small businesses and how to comply.

Once you have registered, we will send you details about accessing the online workshop.

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