Corporate Transparency Act regulations will go into effect soon and will affect almost all startup companies

On August 18, the Maine Venture Fund published an article by Verrill Partner Gregory Fryer, “Corporate Transparency Act regulations will go into effect soon and will affect almost all startup companies.” In the article, Greg discusses how startups will be required to file ownership information reports with FinCEN as part of The Corporate Transparency Act (CTA). And while the deadline is a year away, Greg provides information on the impact it will have on new startups, what it means for existing entities, and ways to start preparing now.

To read the article in its entirety, please click here.