Limited Liability Companies
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Attention Business Owners: New Federal Law Requires Disclosure of Beneficial Ownership (Everything You Need to Know)
As of January 1, 2024, a significant change has impacted American businesses with the implementation of the federal Corporate Transparency Act (CTA). This law requires many businesses to disclose information about their beneficial owners, individuals who ultimately control or own 25% or more of the company’s interest. Who Needs to Comply? This law applies to…