12
Apr
The new federal Corporate Transparency Act (CTA) has been in effect for the past few months. A three-part series which was previously published on this website reviewed the many provisions of this law. In short, the CTA was enacted in order to combat fraud, money laundering, tax evasion, organized crime and other activities which were perpetrated through the use of shell companies, such as LLCs and similar small business entities. Failure to comply with the law can result in...