Corporate Transparency Act 2024 How To File. The bipartisan corporate transparency act, enacted in 2021 to curb illicit finance, requires many companies doing business in the united states to report information about the. Reporting companies that existed prior to january 1, 2024, only have until january 1, 2025, to file their initial beneficial ownership information.
The new federal corporate transparency act goes into effect january 1, 2024. Many small businesses will need to report information about their ‘beneficial owners’ to the federal government starting in 2024.