October 1, 2024

Hand holding magnifying glass representing Corporate Transparency Act (CTA) compliance and beneficial ownership reporting requirements.

Navigating the Corporate Transparency Act: Are You Required to File a BOIR?

Are you a business owner or operator in the United States? If you don’t fall within one of the 23 exemptions provided under the Corporate Transparency Act (CTA)—which mainly involve highly regulated industries like banking, securities, insurance, or larger companies with revenues over $5 million—you likely need to file a Beneficial Ownership Information Report (BOIR). Unsure about your obligations? Read on or reach out for guidance.

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