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Today, we’re going to speak with friend of the podcast, John Williams on the CTA...
Corporate Transparency Act?
The law requires limited liability companies (LLCs), corporations, and limited partnerships to file Beneficial Ownership Information (BOI) Reports with the U.S. Department of Treasury's Financial Crimes Enforcement Network (FinCEN). The CTA's objective is to aid law enforcement agencies by revealing bad actors who use U.S. business entities to hide money laundering, tax evasion, and other financial crimes.
BOI Reports require specific personal information about all of a reporting company's significant owners and important decision makers.
Corporate Transparency Act
Note: We are not able to provide legal advice. Legal questions may be referred to The Williams Law Firm, P.A. for separate engagement.