1 Biden Signs the CTA Corporate Transparency Act. Small Business Privacy is Gone. posted 2 years ago by ThreeOneFIve 2 years ago by ThreeOneFIve +1 / -0 4 comments share 4 comments share save hide report block hide replies
Missed your post last year, so instead I just heard about it today and looked it up here. It's fucked up, and it will affect me unless I find a remedy.
Double edged sword in the extreme.
Ok, it stops illegal foreign shell companies from setting up shop in the US.
But
it screws over small business owners who have filed any corporate structure in the US.
https://www.corporatetransparencyact.org/timelines-for-initial-cta-reports-and-updates/
https://www.natlawreview.com/article/what-emerging-growth-companies-and-investors-need-to-know-about-corporate?__cf_chl_tk=uWnNx5zEle1R15gAgCt_hj43TG423NHyTqm9hc6AFiQ-1662601317-0-gaNycGzNCCU
https://www.sandsanderson.com/news/2022/08/24/corporate-transparency-act-the-coming-federal-reporting-requirements-for-smaller-businesses-episode-2/
https://www.halaw.com/news/businesses-beware-the-corporate-transparency-act
https://corporatetransparencyact.net/cta1/
any comments?