Corporate Transparency Act 2024

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This Corporate Transparency Act 2024 online training course covers the business reporting requirements under the new U.S. federal law. Effective January 1, 2024, most newly formed business entities are required to report to the United States government details about their ultimate owners and controllers. This is part of the Beneficial Ownership Information Reporting Rule, which implements Section 6403 of the Corporate Transparency Act (CTA). The rule outlines who must report, the information required, and the deadlines for submission. The CTA, enacted in 2021, aims to enhance transparency in entity structures and beneficial ownership, in an effort to combat money laundering, illegal tax avoidance, and other illicit activities. Show more