Understanding the Corporate Transparency Act

In the first episode of "Corporate Transparency Talk," tax attorney Alan Granwell offers a high-level overview of the Corporate Transparency Act (CTA), highlighting its aim to make companies disclose their real owners to fight illicit financial activities like money laundering and terrorism. Mr. Granwell explains how the act ensures that beneficial ownership information is reported to the federal government, under the threat of penalties for noncompliance. Listen to this podcast to gain more insight on the CTA and for key information on how to ensure compliance with its requirements.