New Corporate Transparency Act Reporting Requirement Begins In 2024
Overview
The Corporate Transparency Act (CTA), a federal law effective in January, will require new reporting tasks for many family offices and other entities, including limited liability companies (LLCs), limited partnerships (LPs) and S and C corporations. In this update, a useful checklist and answers to the frequently asked questions about the CTA are provided to help you prepare for the new reporting requirements.