Tag: Corporate Transparency Act

Is your business set up as a corporation, partnership or LLC? New transparency requirements may apply

RBC | Congress passed the Corporate Transparency Act (CTA) in 2021 in an effort to combat money-laundering, tax evasion and financing of terrorist activities. The Act requires almost all corporations, partnerships and LLCs in the United States, including small businesses, to report what is called “Beneficial Ownership Information” to the[Read More…]