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Updated: Federal Beneficial Ownership Reporting Requirement for Businesses (“BOI”) as of January 1, 2024 under the Corporate Transparency Act (“CTA”) Plus the Constitutional Court Challenges to Date.
Generally In 2021, Congress passed the Corporate Transparency Act (CTA) on a bipartisan basis. This law created a new Beneficial Ownership Information (BOI) reporting requirement as part of the U.S. government’s efforts to make it harder for bad actors to
January 8, 2025
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