Navigating Transparency: Countdown to Compliance with the Corporate Transparency Act in North Carolina
By EsqSocial Corporation 27/09/23
In recent years, governments across the United States have taken steps to enhance corporate transparency. The Corporate Transparency Act (CTA), enacted in 2020 as part of the National Defense Authorization Act for Fiscal Year 2021, seeks to combat illicit financial activities by imposing reporting and disclosure requirements on certain business entities. In North Carolina, these provisions of the CTA have significant implications for businesses operating within the state. And with the effective...
By: Cranfill Sumner LLP