The Corporate Transparency Act in Plain English for Small Businesses

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by a professional from Harvard University
in Lynbrook, NY 11563, USA

2yrs ago

The Corporate Transparency Act in Plain English for Small Businesses

I just pushed out a PDF memo in the prior post on what small businesses need to know about their new reporting obligations under the Corporate Transparency Act. Couldn't add a note so just giving context as a separate post.

It's vast governmental overreach IMHO, but the penalties for intentional non-compliance can be serious (at least theoretically they can be up to $500 a day, or criminal fines/prison).

Compliance is not crazy complicated, so I suggest anyone who owns or runs a biz should review what's required.

Memo is in my prior post or can be found here: redacted

Happy to field basic questions.

1 Like

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reply by a searcher 2yrs ago
from University of Virginia in Philadelphia, PA, USA

Thank you for sharing.

reply by a searcher 1yr ago
from Duke University in Union, NJ, USA

This is definitely a good share and breakdown