Business Owners Face New Federal Reporting Requirements (Southwest Florida Business Today)

Kelsey R. Holmberg

The Corporate Transparency Act requires reporting companies to disclose beneficial ownership information to the U.S. Department of Treasury’s Financial Crimes Enforcement Network. Small business owners must be especially aware of new CTA requirements as penalties for failure to make a proper report can quickly accumulate. Hahn Loeser attorney Kelsey Holmberg discusses the basics of CTA compliance and reporting deadlines.

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