What Start-Ups Need to Know About the Corporate Transparency Act

Corporate Transparency Act (CTA) and the proposed rules by the federal Financial Crimes Enforcement Network (FinCen) pose significant risks to start-ups, their founders, and potentially associated professionals. The CTA was the culmination of a multi-year effort by Congress, the Department of Treasury (Treasury), other national security agencies, law enforcement, and other stakeholders to bolster the US corporate transparency framework.

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