Forming a new USA LLC before the new CTA rules apply?

[FREE CITIZEN]

In regards to the new Corporate Transparency Act Disclosure Requirements coming into effect by Jan 2024, if one was to form a LLC before the rules come into effect would one still have to provide the required information or would that company be "grandfathered" in?

 

[Sols]

No such thing. All companies are included, except certain regulated/licensed companies that already provide information about beneficial owners to the government through other means.

 

[Alexmorgan]

Is this gonna make LLC company owners to public?

 

[FREE CITIZEN]

No such thing. All companies are included, except certain regulated/licensed companies that already provide information about beneficial owners to the government through other means.

So if I form a llc now come the new year I will have to update it with more personal information?

 

[theblast3r]

So if I form a llc now come the new year I will have to update it with more personal information?

Yes, during 2024

 

[Sols]

Is this gonna make LLC company owners to public?

Not for now at least. It's a private UBO registry visible only to law enforcement.