Corporate Transparency Act Whiplash

The Corporate Transparency Act (CTA) is a federal law passed in 2021 with a start date of January 1, 2024. The purpose of the law is to reduce money laundering and tax fraud. The manner in which Congress seeks to achieve this goal via the CTA is to require every ‘entity’ (other than those that are exempt) to file a report with the Financial Crimes Enforcement Network (FinCEN) disclosing detailed information about the individuals who are associated with the entity as owners and as managers who exercise substantial control. This is called a Beneficial Ownership Information report or BOI. An ‘entity’ is defined as a company that was formed by filing with the Secretary of State’s office.

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[DadsMath]

I think I just became your 1, 000th subscriber:) Please keep up the information about this law. I am opposed to the government intimidation tactics on this issue, and it's very hard to find up-to-date info.

[soccersprint]

Shut down FinCen, BOI and the evil people who came up with that 💩