
In 2021, Congress enacted the Corporate Transparency Act (“CTA”), which is intended to strengthen existing federal money laundering and tax fraud statutes by way of improving structural (i.e., ownership) transparency in business entities. While governmental oversight traditionally focuses on big businesses and their related hot-button issues in any given period (e.g., corporate tax inversion), the CTA was crafted with small entities in mind. To wit, the CTA’s ostensible goal is […]
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