Corporate Transparency Act 2024 Requirements. “the corporate transparency act, through its beneficial ownership reporting requirements, provides the historic opportunity to unmask shell companies and protect the. On january 1, 2024, the corporate transparency act (“cta”) comes into effect.

Certain llcs, corporations and other entities will be required by a federal statute called the corporate transparency act (cta) to file a beneficial ownership information (boi). This sweeping new law imposes significant reporting obligations upon entities that are required.