In January 2021, the United States Congress passed the 2021 National Defense Authorization Act (the “NDAA”), which includes a chapter establishing beneficial ownership reporting requirements for certain companies nationwide. This chapter is known as the Corporate Transparency Act (the “Act’), which goes into effect in the new year. As the effective date is fast approaching, you may have
recently heard rumblings of this Act, and may be wondering what it entails and if it applies to you. Continue reading to learn more.
Legal Focus: What You Need to Know About the Corporate Transparency Act
