Do you own an LLC or a corporation? Are you aware of the new reporting requirements for these types of businesses under the Corporate Transparency Act?

January 1, 2024, ushered in the new reporting requirements for most small and closely held businesses under the Corporate Transparency Act (CTA). Many entities are now required to disclose beneficial ownership information to the Treasury Department’s Financial Crimes and Enforcement Network (FinCEN).

For entities in existence prior to 2024 that do not qualify for any of the 23 available exemptions, Beneficial Ownership (“BOI”) Reports are due by December 31, 2024. New entities formed in 2024 must file a BOI Report within 90 days of the entity’s formation.

Let the attorneys at Danna McKitrick help you determine the next steps for your business. 

Schedule a time with a Danna McKitrick attorney to discuss your business and any reporting requirements you may have by scanning the QR code or going to https://bit.ly/DMPC-CTA-Reporting.

For more information on CTA compliance, click on the following:

• Be Sure You’re Ready: The Corporate Transparency Act is Coming Soon!
• CTA Reporting Requirements Have Begun!

About Danna McKitrick: Located in St. Louis, Mo., Danna McKitrick, P.C. delivers legal representation to businesses (emerging to national), insurers, government-related entities, and individuals throughout the Midwest. www.dannamckitrick.com.