Blake Nelson Discusses the CTA’s Beneficial Owner Information Report Mandate with Wood Floor Business

In a recent Wood Floor Business magazine article, Blake Nelson of Hellmuth & Johnson explains how the Corporate Transparency Act (CTA) mandates beneficial ownership disclosures for most U.S. businesses to combat financial crimes. Effective January 1, non-exempt entities must report detailed owner information to FinCEN, with specific filing deadlines and requirements. Recent legal challenges have emerged, but compliance is still expected in 2024. Click the link below to read more about the nuanced implications for your business.

Link to article