Corporate Transparency Act 2024 Exemptions. Fincen has learned of fraudulent attempts to solicit information from individuals and entities who may be subject to reporting requirements under the corporate transparency act. The cta provides 23 exemptions from the definition of a reporting company.
This article discusses in brief the act’s requirements and the qualifications of certain available exemptions from registration. The cta provides 23 exemptions from the definition of a reporting company.