For PE firms and their portfolio companies, which often involve complex structures, the new Corporate Transparency Act (CTA) reporting requirements are going to be a real administrative headache. My colleagues share practical steps businesses can take to ease compliance with the CTA in this recent Bloomberg article. Get ready--January 2024 is just around the corner!
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CTA Is Going to Be a Pain!
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The CTA exempts 23 categories of companies. Unfortunately for small companies, most of the exemptions apply to larger entities that already make similar beneficial ownership disclosures.
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An increasing number of 401(k) plan sponsors are (finally) getting around to implementing the innovative student loan matching provision...
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