Posts tagged with "small businesses"



Business · April 20, 2021
What You Should Know About the Corporate Transparency Act
Included within the 2021 National Defense Authorization Act passed on January 1, 2021, is the Corporate Transparency Act (CTA) that requires certain small businesses based in the U.S. to report the identities of their owners and organizers to the Department of Treasury's Financial Crimes Enforcement Network. It's an update to the federal government's anti-money laundering laws and designed to crack down on shell companies created for illicit financial activities.