Beneficial Owner Reporting
Update: See our post on December 5, 2023 regarding a change in due date for entities created during 2024.
As discussed in in our post on December 13, 2022, the Corporate Transparency Act requires many business entities to report information about their beneficial owners in a brand-new government database. This reporting must be done during 2024.
We also have a video discussing this new requirement.
It is time to start planning for this new reporting requirement.
We will discuss strategies, logistics and other considerations related to this new reporting requirement in December and January. If you are not already registered, register here.