US Corporate Transparency Act
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There is a new law which takes effect Jan 1, 2024. The primary purpose of the Act is to provide greater transparency of legal entities to detect and combat illegal activities.\\xa0The new reporting requirements, however, will cause millions of existing legal entities to file new beneficial ownership disclosure forms with the federal government. The regulations are written so broadly, that nearly every small business in the US will be swept up in this new law.
\\nThe idea here is not for you to be getting your legal advice from a podcast. That\\u2019s certainly not my role. You want to seek your own legal advice from your own law team. The purpose behind reporting this on the podcast is simply to make you aware that you likely have some work to do to understand the new rules and make sure you\\u2019re in compliance.\\xa0
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\\nHost: Victor Menasce
\\nemail: podcast@victorjm.com
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