Evans & Davis Attorneys Landon Long and Katie MacKenzie focus on the Corporate Transparency Act, how it may impact you, and how Evans & Davis can assist.
The Corporate Transparency Act (CTA) was intended to make it more difficult to operate anonymous shell companies for criminal or tax evasion purposes. The broad net it casts means that, for the first time in history, there are now federal reporting requirements for small companies that will require collecting and reporting ownership information. The federal government will now have a database of beneficial ownership information for unregulated entities that is available to government authorities for law enforcement purposes.
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