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In 2021, a Bill called the Corporate Transparency Act was passed that requires certain business and owner information reporting. This episode discusses some of the requirements, time frames, deadlines, and consequences of the beneficial ownership reporting. There are also a few developments that will come through the pipeline that people need to consider with other reporting requirements. Additional information can be found on fincen.gov
By Brady SlackIn 2021, a Bill called the Corporate Transparency Act was passed that requires certain business and owner information reporting. This episode discusses some of the requirements, time frames, deadlines, and consequences of the beneficial ownership reporting. There are also a few developments that will come through the pipeline that people need to consider with other reporting requirements. Additional information can be found on fincen.gov