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What to Know About the Corporate Transparency Act

CFO Simplified

There are several exemptions to these new reporting requirements, including an exemption for operating businesses (i.e., accounting firms, SEC registered businesses, insurance companies, and publicly traded corporations). Existing companies will have until January 1, 2025 to file their initial BOI Report.

article thumbnail

What to Know About the Corporate Transparency Act

CFO Simplified

There are several exemptions to these new reporting requirements, including an exemption for operating businesses (i.e., accounting firms, SEC registered businesses, insurance companies, and publicly traded corporations). Existing companies will have until January 1, 2025 to file their initial BOI Report.