By Clint Brown||Comments are Closed|20 February, 2024 |0
The Corporate Transparency Act is a new federal law that went into effect on January 1, 2024. The law adds reporting requirements for corporations and their beneficial owners. As of now, this includes most POAs. Shareholder Clint Brown of our Austin Office explains the requirements of the Corporate Transparency Act, details who qualifies as a beneficial owner, the deadlines to comply with this new law and financial and legal ramifications if the law is not complied with.
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