Corporate Transparency Act, Part 3: “The Ugly”: Failure to Report Could Cost $500/Day
Congress passed the Corporate Transparency Act on January 1, 2021. As mentioned in Part 1: “The Good” and Part 2: “The Bad”, it can be unclear whether you have a duty to provide a Beneficial Ownership Information report, and what (or who) all needs to be included in it. Unfortunately, this is not something any [...]