Corporate Transparency Act 2024 Exemptions. The corporate transparency act (cta) was enacted as part of the national defense act and mandates that millions of entities report their beneficial ownership information (boi). Entities that (i) have at least 21 employees, (ii).
There has been a lot of talk about the corporate transparency act (cta or act) since the final rules implementing the cta’s. โ learn the basics of the corporate transparency act which requires llcs and corporations, both new and existing, to share beneficial ownership information with.