Corporate Transparency Act Resources - Davis, Agnor, Rapaport, & Skalny

Non-Compliance Could Cost You.

There’s more to navigating the Corporate Transparency Act (CTA) than just filling out a form. This legislation, which became effective on January 1, 2024, requires millions of companies to provide information about individuals who are determined to be beneficial owners of the company to the federal government. Do CTA reporting requirements apply to you or your clients? What are beneficial owners? Are you aware of the significant risks associated with non-compliance, including fines and prison sentences?

Davis, Agnor, Rapaport & Skalny attorneys have taken a deep-dive into the often nuanced and counterintuitive reporting requirements, and we have developed the resources below to help you successfully manage the CTA and minimize potential risks.

For more information or to discuss the CTA’s implications for you, your business, or your clients, contact an attorney in our Business Planning & Transactions Practice Group. Our CTA response team is led by:

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“I have been working in the Central Maryland commercial banking arena since the 1990's and have had the pleasure of knowing and working with the team at Davis, Agnor, Rapaport and Skalny since the practice was established. The firm has the unique ability to blend experience and responsiveness while also making time to be deeply involved in the community. My direct experience has included bank documentation and Paul and Jeff, along with the rest of the team, have done a fantastic job. I have also seen firsthand the firm’s success as business attorneys since we have had several clients in common over the years.”