corporate transparency act

For small business owners, the Corporate Transparency Act (CTA) might seem a bit daunting. Still, understanding its ins and outs is crucial. In Part 1, we delved deep into who must file a Beneficial Ownership Information (BOI) report and the intricacies therein. Here, in Part 2, we tackle exemptions, deadlines, changes to the information, and…

Small businesses have always been the backbone of the American economy. Unfortunately, with the introduction of the Anti-Money Laundering Act of 2020 (AMLA), there is now an added layer of regulatory compliance required for small business owners in the realm of financial transparency. The AMLA established the Corporate Transparency Act (CTA), which has brought about…