January 1 Deadline Approaching for Reporting Beneficial Ownership Information
The Corporate Transparency Act (CTA) Imposes an extensive new reporting requirement for most businesses, their beneficial owners, and persons with substantial control.
A reporting company created or registered to do business before January 1, 2024, will have until January 1, 2025, to file its initial beneficial ownership information report.
This requirement is in addition to other reporting requirements, such as tax filings and reports to state officials. Civil and criminal penalties can be imposed for failure to comply.
More information including a link to file can be found here.