Corporate Transparency Act

The Corporate Transparency Act (“CTA”), which was effective January 1, 2024, impacts almost all closely held corporations, limited liability companies (LLCs) including single-member LLC, limited partnerships, and other closely held entities, as well as the legal and beneficial owners of such entities such as trusts and estates.  This is the case even if such entities only hold real estate and conduct no active business. Please read this handout for more information.