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data. Without action, you risk penalties and losing
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The Importance of CTA Compliance: Failure to act on these important
updates can
lead to penalties for your business. Make sure
you’re ready to tackle any potential issues head-on. Kamran Mashayekh
offers tailored legal
assistance that aligns with your business needs.
Penalties for noncompliance can include
Forfeiture of business license
Substantial fines
Criminal charges
Potential imprisonment
The CTA applies to 'reporting companies' as defined by the
Act. A reporting company is any entity
formed by filing
Formation Documents with the Secretary of State or a
foreign company registered
to do business in the U.S. This
includes LLCs, C-Corps, and Limited Partnerships.
Find Out if Your Business Needs to Comply >
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