What Business Owners Need to Know About the Corporate Transparency Act
LexBlog IP
AUGUST 14, 2023
CTA defines a beneficial owner as an individual who, directly or indirectly, either (1) exercises substantial control over a Reporting Company or (2) owns or controls at least 25% of the ownership interests of a Reporting Company. It is designed to capture anyone who can make important decisions on behalf of the entity.
Let's personalize your content