After sitting on ice for most of the winter, the Corporate Transparency Act (CTA) is ready to spring into action. Companies must comply with the law’s reporting requirements by March 21, the Financial Crimes Enforcement Network (FinCEN) announced, after two national injunctions were lifted to allow the law’s implementation.
Small business owners have been bracing for the law’s impact, but philanthropists could be blindsided.
Read the full story here.