Co-ops Face Critical Deadline for Compliance with Corporate Transparency Act (NY)

/ Owner - November 27, 2024

The clock is ticking for board directors as they face a critical Jan. 1, 2025, deadline to comply with the Corporate Transparency Act (CTA). Enacted in 2021, the CTA requires specific U.S. businesses to file beneficial ownership information with the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) as part of an effort to prevent potential terrorist activities.    Read the article…………………………….

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