How the new entity registration requirements under the Corporate Transparency Act will affect your business in 2024

Effective Jan. 1, 2024, all entities organized and operating in the United States need to comply with the Corporate Transparency Act (CTA). This will generally require that each entity register its “beneficial owners” with the Financial Crimes Enforcement Network (FinCEN). In the following Utah Business Magazine article, Ross P. Keogh discusses the parameters and penalties of the CTA. https://www.utahbusiness.com/corporate-transparency-act/