Posted in Triplett & Carothers on October 25, 2024
Understanding how the Corporate Transparency Act (CTA) applies to your business and what you must do to comply can introduce new burdens that you may have scarce resources to address.
Terms like “beneficial owner” and “substantial control” may seem vague and confusing, further complicating compliance efforts. But compliance is critical for business owners who want to avoid possible sanctions.
We can help you determine whether the CTA applies to your business and the steps needed to meet its reporting requirements. With the law’s effective date just months away, we encourage you to reach out now to start working on a CTA compliance strategy. We are meeting with current clients to assess the scope of what’s needed for a one-time consultation fee of $250.