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Below you'll find a list of all posts that have been tagged as “Corporate Transparency Act”
Farmers and ranchers have received a temporary reprieve from federal reporting requirements under the Corporate Transparency Act (CTA), thanks to a nationwide injunction issued by the U.S. District Court for the Eastern District of Texas. The ruling delays enforcement of the Beneficial Ownership Information filing requirements, which were set to take effect Jan. 1, 2025. The CTA mandates that businesses, …
Many farms and ranches will be required to file beneficial ownership information with the Financial Crimes Enforcement Network (FinCEN), a division of the U.S. Department of the Treasury. In 2021, Congress passed the Corporate Transparency Act. It requires businesses to report the identity of their owners with the goal of reducing financial crime. WHO MUST FILE Any producer whose farm …
