Post by
harleyonvacatio on Dec 27, 2024 10:45am
Corporate Transparency Act
Finally investors will get to see who the real owners are of all stock trading companies.....Transparency biggie
Corporate Transparency Act (CTA) filing requirements have been reinstated and most filings will now be due January 13, 2025 instead of the December 31, 2024 prior deadline. The bottom line is that any entity classified as a “reporting company” under the CTA has to file with the Financial Crimes Enforcement Network of the Treasury (FinCEN). Each reporting company will have to file Beneficial Owner Information (BOI) for each person deemed a beneficiary owner (BOs). While a detailed discussion of the legal arguments in the cases challenging the CTAs constitutionality, and the counter arguments by the government would be interesting, that will not help those required to report to address that requirement.
Comment by
Iseneschal on Dec 27, 2024 12:01pm
Thanks for the post H.o.V. ! It all sounds wonderful for "The Powers to Be" to pacify the masses with Corp Transparency Act....however..... The reality of it all will still be an un-level playing field slanted in "the Powers to Be's" favor. Sage advice....learn before you invest !!!!!!! Cheers !