Turner, Warren, Hwang & Conrad AC’s Post

Does the Corporate Transparency Act Apply to Your Business? Under the Corporate Transparency Act (CTA), many businesses are subject to new reporting requirements that went into effect on January 1, 2024. That means certain companies are... Read more: https://zurl.co/ub3I

Does the Corporate Transparency Act Apply to Your Business? Under the Corporate Transparency Act (CTA), many businesses are subject to new reporting requirements that took effect on January 1, 2024. That means certain companies are required... Read more: https://zurl.co/8JgG

Starting January 1, 2024, many businesses must comply with the Corporate Transparency Act (CTA), requiring the reporting of "beneficial owners" to the government. Businesses created prior to January 1, 2024, have a filing deadline of January 1, 2025. Is your business prepared for this important change? On November 7th, we are hosting a comprehensive BOI webinar to help you navigate the new reporting requirements and ensure your business complies with the filing deadline. Don’t miss this chance to learn the ins and outs of the CTA and how it impacts your company. Register for the BOI Webinar through the following link! https://lnkd.in/ebuQzZWg

Did you know that the Corporate Transparency Act (CTA) is introducing new reporting requirements for many businesses? Learn more about what it means for your company. https://lnkd.in/gjEPm_R7 #CTA #CorporateTransparency #BusinessLaw

The Corporate Transparency Act: What You Need to Know Will the Corporate Transparency Act affect your business? Find out everything you need to know about this new regulation, including who is covered and what’s required. https://lnkd.in/gg2BgRR7

𝗥𝗘𝗠𝗜𝗡𝗗𝗘𝗥 -- 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿 𝟯𝟭, 𝟮𝟬𝟮𝟰 𝗶𝘀 𝘁𝗵𝗲 𝗱𝗲𝗮𝗱𝗹𝗶𝗻𝗲 for businesses formed prior to 1/1/24 to comply with the new disclosure requirements under the Corporate Transparency Act (CTA), which went into effect January 1st of this year. In sum, US businesses must report information about their beneficial owners—the individuals who ultimately own or control the company—to the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury unless they fall within one of the exceptions. Most small businesses will not fall under the exceptions. It is a relatively simple process to comply with the CTA but can cost approximately $500 per day in fines for failing to report (and has criminal penalties for intentionally providing false or misleading information). Make sure you and your corporate legal adviser are familiar with the requirements and meet the new reporting requirements before year-end. For more information, please see the Client Alert from Raines Feldman Littrell LLP below. Thank you to my colleague David Madden for keeping our team apprised of the CTA requirements. Avoid the year-end rush, and get it done now. #CorporateTransparencyAct #ComplianceUpdate #SmallBusiness  

Our firm put together a great piece to answer your questions about the Corporate Transparency Act. If you have more specific questions, feel free to reach out. #cta #corporatetransparencyact

Will the Corporate Transparency Act affect your business? Find out everything you need to know about this new regulation, including who is covered and what’s required. https://lnkd.in/gwQCGTwG

Will the Corporate Transparency Act affect your business? Find out everything you need to know about this new regulation, including who is covered and what’s required. https://ow.ly/2SGV50S7ums

Will the Corporate Transparency Act affect your business? Find out everything you need to know about this new regulation, including who is covered and what’s required. https://lnkd.in/e9WHwv4M