Tag: BOI

  • Corporate Transparency Act

    Corporate Transparency Act

    β€”

    by

    Zhoudi Tang, CPA
    in

    What is the Corporate Transparency Act (“CTA”)? Starting January 1, 2024 each reporting company shall submit to FinCEN a report that identifies each beneficial owner of the applicable reporting company and each applicant with respect to that company. Existing companies have until January 1, 2025 to file its initial beneficial ownership information (“BOI”) report or…