Those working in the Possessions know that some U.S. laws apply to the Possessions; others do not. The Corporate Transparency Act (CTA) is special. It applies to the Possessions.
Although large organizations are generally exempt from filing under the Corporate Transparency Act (CTA), companies must perform a careful analysis to determine whether they have.
As of January 1, 2024, the Corporate Transparency Act (CTA) is effective, impacting millions of entities. On September 30, 2022, the US Department of the Treasury's Financial Crimes Enforcement Network.