Ashleigh Taylor of Kleinbard LLC. Courtesy photo Corporate Transparency Act: Effect on Middle Market Mergers and Acquisitions
Given the CTA's sweeping scope and the extensive information required for compliance, the new legislation will undoubtedly have significant impacts on middle market M&As moving forward.
December 19, 2023 at 09:01 AM
6 minute read
The Corporate Transparency Act (CTA) is set to usher in a profound transformation of America's business landscape. The sprawling piece of federal legislation, aimed at preventing the misuse of shell companies for illicit purposes, is slated to take effect on Jan. 1, 2024, and will cast its regulatory net over an estimated 32.6 million existing businesses and millions of newly formed enterprises annually.
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