The Corporate Transparency Act of 2019 was a bill that passed to prevent money laundering, financing of terrorism, tax fraud and any other illegal acts in contradiction of national interest.
Very corporate structure created by the filing of a document with a Secretary of State or similar office under the law of a state or Indian tribe is required to report unless it qualifies for an exemption
WHAT MUST BE REPORTED?
Entity name (including DBAs)
Business Address
Jurisdiction of formation
State or Tribal jurisdiction of registration
Identification Number (TIN, EIN, LEI, etc.)
Beneficial Owner and Company Applicant Must Report
Legal Name
Date of Birth
Current Residential or Business Street Address
State issued ID/Passport
WHAT MUST FILE?
US Corporations (C-Corp/S-Corp)
US LLCs
Limited Partnerships
Limited Liability Limited Partnerships
Statutory Trusts
Non-US Corporations
CTA FILING DEADLINES
Reporting Rule goes into effect January 1, 2024
Reporting companies created PRIOR TO January 1, 2024 have one (1) year to file
Reporting companies created AFTER January 1, 2024 must file within 14 days after effective formation
