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Corporate Transparency Act

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Why Small Business Owners Need To Pay Close Attention To The Corporate Transparency Act In 2024

A new law coming into effect at the beginning of 2024 will affect numerous small business owners. According to the U.S. Chamber of Commerce, the Corporate Transparency Act (ACT) will go into effect on Jan. 1, 2024. The law is intended to take action against money laundering, tax fraud, and financing for terrorism by retrieving more information around the ownership of a business.

Samantha Dorisca

Dec 28, 2023