Corporate Transparency Act

Trooper K Dishes on the Corporate Transparency Act

Around this time last year, Trooper K granted an interview with this reporter to discuss Kristi Noem, and her exploits in the field of canine population control.  Never one to rest on his laurels, Trooper was lulled out of retirement to provide this penetrating interview containing his thoughts on the Corporate Transparency Act.    For brevity, certain portions of the interview have been omitted, and some of Trooper’s answers have been condensed by removing his woofs.                                          Trooper K being interviewed   …

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Reporting Requirements under the New Corporate Transparency Act

Perhaps you have heard that effective January 1, 2024 all United States organizations have a new reporting requirement created by the federal Corporate Transparency Act (“CTA”).  The purpose of the CTA is to prevent owners from creating shell corporations to hide assets and launder money.  It was enacted as part of the legislative response to stymie covert financing of terrorist operations.  The CTA  requires that “beneficial owners” of a corporate entity must be identified and that information is kept in a federal data base.  All reporting entities must file a Beneficial Ownership Information (“BOI”) report with the United States Department …

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