Starting on January 1, 2024, a new law called the Corporate Transparency Act (CTA) requires owners of certain business entities to file a report with the federal government and provide details regarding the ownership of their entity. If you are a business owner (limited liability company, family limited partnership, corporation, etc.) and have included your business ownership as part of your existing estate plan, this is important information you will need to know to ensure that you comply with the new law.
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