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Corporate Transparency Act Shut Down - What Small Businesses Need to Know

From the US Chamber of Commerce Editor's Note 1/8/25: There is currently no filing deadline for the Beneficial Ownership Information reporting requirement, which is currently on hold. As of this date, there is no requirement to file this report. Editor's Note 12/26/24: On December 26, 2024, the U.S. Court of Appeals for the Fifth Circuit paused the enforcement of the Corporate Transparency Act (CTA), thus pausing the beneficial ownership reporting requirements for U.S. small business owners. This