How is everyone feeling about the CTA so far?? 😬

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Everyone at my firm is referring to me as the CTA specialist. I wrote one memo on it. Needless to say I’m not psyched and will now need to spend a bunch of nonbillable time actually learning it.

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It gets even better, now I’m apparently being featured on a podcast…

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What is CTA

helpfulfunny

Everyone is exempt!

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I do US domestic and international subsidiary management and honestly complying with CTA isn’t bad compared to the UBO requirements in other countries. I have actual nightmares about compliance reqs in some of our more “challenging” (read: crappy, awful) jurisdictions.

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Yeah the CTA sucks and is a drag on small business but it is far less of a process than anything offshore.

It’s a nightmare for real estate entities with hundreds of subsidiaries that aren’t exempt.

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Well i doubt they wanted to explicitly say it, but I think it really was aimed at real estate building companies more than just about anything else.

Makes everyone’s job harder. It will be a shit show towards the end of the year with all of the entities formed prior to 2024. CT Corp, CSC , and other service providers will make bank.

Hate it - I need to do an article for my clients and start the process but have been too busy!

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