Corporate Transparency Act 2024 Website Homepage. It ushers in new reporting obligations for those with beneficial ownership interests in business. 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 individuals who ultimately own or control them.

Small business owners are required to file corporate transparency reports with beneficial. New reporting rules go into effect january 1, 2024, under the corporate transparency act (cta).