As the year draws to a close, we want to take a moment to extend our heartfelt gratitude to our valued customers and partners. Wishing everyone a joyful holiday season filled with peace, happiness, and time to recharge for the year ahead.
What is beneficial ownership reporting? Effective January 1, 2024, the Corporate Transparency Act (CTA) requires certain entities, including many small businesses, to report information about beneficial owners to the Financial Crimes Enforcement Network (FinCEN). A beneficial owner is generally any individual who directly or indirectly owns or controls a certain percentage (often 25% [...]
