Publications

SBEMP’s Austin Gutierrez on GPS Business Insider

SBEMP’s Austin Gutierrez on GPS Business InsiderSBEMP’s Austin Gutierrez on GPS Business Insider

“Corporate Transparency Act: A New Compliance Requirement for Small Businesses” 

“At the beginning of this year, the Corporate Transparency Act (CTA) introduced a sweeping new requirement for small businesses across the United States. Aimed at combating illicit activities such as money laundering, tax fraud, and financing terrorism, the CTA mandates that many business entities disclose their beneficial ownership information to the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN). While well-intentioned, the CTA introduces a significant new compliance burden for small and medium-sized businesses that must be navigated carefully to avoid severe penalties.” Read the full article here.

Comments are closed.

Coachella Valley

Palm Springs
1800 East Tahquitz Canyon Way
Palm Springs, CA 92262
Indian Wells
74785 Hwy 111, Ste. 105
Indian Wells, CA 92210
Costa Mesa
650 Town Center Drive, Ste. 1400
Costa Mesa, CA 92626
SBEMP Attorneys LLP