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Expert Analysis

It's Time To Prep For Corporate Transparency Act Compliance

By William Quick ( May 23, 2023, 4:54 PM EDT) -- The furthest and widest-reaching federal business entity law ever enacted, the Corporate Transparency Act[1] will affect an estimated 32 million now-existing businesses, with its implementation going into effect on Jan. 1, 2024. Each year after, an estimated additional 5 million newly formed businesses will also be swept under the CTA's purview.[2]...

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