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The Corporate Transparency Act and What it Means for Your Small Business
Small Business Resources, News and Events Mollie Watkins Small Business Resources, News and Events Mollie Watkins

The Corporate Transparency Act and What it Means for Your Small Business

The Corporate Transparency Act is an act that went into effect on January 1, 2024. According to the U.S. Chamber of Commerce, CTA “aims to combat illicit activity including tax fraud, money laundering, and financing for terrorism by capturing more ownership information for specific U.S. businesses operating in or accessing the country’s market.”

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