What’s the Corporate Transparency Act?

Corporate Transparency Act explained: In this lesson of Startup Essentials by Carta, we dive into the Corporate Transparency Act (CTA) — a piece of legislation aimed at combating money laundering, terrorist financing, and other illicit financial activities.

🔍 What this lesson covers:

• Brief history of the Corporate Transparency Act, and the problems it aims to address
• Who needs to comply
• Required disclosure information
• Key deadlines
• How to submit the required information
• Penalties for non-compliance
• Practical tips and resources

DISCLOSURE: This communication contains general information only and eShares, Inc. dba Carta, Inc. (“Carta”) is not, by means of this publication, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. This communication is not a substitute for such professional advice or services nor should it be used as a basis for any decision or action that may affect your business or interests. Before making any decision or taking any action that may affect your business or interests, you should consult a qualified professional advisor. This communication is not intended as a recommendation, offer or solicitation for the purchase or sale of any security. Carta does not assume any liability for reliance on the information provided herein.

TIMECODES
00:00 Introduction
00:55 What is the Corporate Transparency Act?
02:39 What’s a “beneficial owner?”
04:57 What do companies need to report?
07:15 Filing deadlines
09:23 How to file

[nirajpathak]

I am writing a research article on CTA, this helps.

[swimskater]

My businesses are registered with the state. Why doesn't the state inform me of this? They have all this info and could easily contact me. Makes me doubt the CTA is real.

[devincook]

This sounds like something that members of Congress would vote against.

[jeffreyforrester]

Isn't this government over-reaching?

[jeffreyforrester]

Isn't this government over-reaching?