Risk Tip: New Federal Reporting Requirement

Risk Tip: Did you know….

Arizona Corporation Commission announced a New Federal Reporting Requirement Under the Corporate Transparency Act.
The United States Congress has passed the Corporate Transparency Act (CTA) to combat money laundering and terrorist financing. This Act mandates beneficial ownership reporting for corporations, limited liability companies, and similar entities registered in the United States. Entities formed or registered before January 1, 2024, must file an initial beneficial ownership report before January 1, 2025. Click here for more information.

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