Corporate Transparency Act For 2024. The cta takes effect on jan. Compliance with the reporting requirements depends on the formation date of each.

The corporate transparency act (cta), enacted in 2021, was passed to enhance transparency in entity structures and ownership to combat money laundering, tax fraud, and. The bipartisan corporate transparency act, enacted in 2021 to curb illicit finance, requires many companies doing business in the united states to report information about the.