This publication is a reference guide for small businesses and nonprofits on the Corporate Transparency Act (“CTA”). The CTA is a 2021 law enforced by the United States Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”). Effective Enero 1, 2024, the CTA requires that many companies doing business in the U.S. disclose Beneficial Ownership Information (“BOI”) to FinCEN. BOI includes information about a company, the people who control the company, and the people who helped create the company. Failure to comply with these requirements could lead to heavy civil and criminal penalties.
