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Preparing for the Corporate Transparency Act Disclosure of Beneficial Ownership Information to FINCEN

New federal disclosure requirements for your businesses and entities will become effective January 1, 2024 – the reporting requirements are burdensome, can be triggered multiple times in a single calendar year and are subject to both civil and criminal liability. Accordingly, you should prepare to comply with the new law now.

Hotel Lawyer: Preparing for the Corporate Transparency Act

Article - Hotel Lawyer: Preparing for the Corporate Transparency Act - By Jim Butler - In 2021, Congress passed the Corporate Transparency Act in order to combat money laundering and other illegal activities. The CTA goes into effect on January 1, 2024, and requires almost all businesses to file a report with FinCEN identifying their beneficial owners. JMBM’s Taxation, Trusts & Estates Department has written an article detailing the steps businesses should take to prepare for this new law.

Palladium Equity Partners Acquires Source Logistics

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