Two recent developments have occurred with the Corporate Transparency Act (CTA). **Hurricane Milton Relief** The Financial Crimes Enforcement Network (FinCEN) has granted extensions to certain filing deadlines for victims of Hurricane Milton. For eligible victims of Hurricane Helene, beneficial ownership information (BOI) reports (initial or updated) due on or between…
Author: Brad Gould
The Corporate Transparency Act (CTA) is a new law that requires certain businesses to report their beneficial owners to the Financial Crimes Enforcement Network (FinCEN). A beneficial owner is someone who owns at least 25% of the business or has substantial control over it, such as a Manager, President, CEO,…
