This video discusses the new Corporate Transparency Act Exemptions.

The new Corporate Transparency Act has 23 exemptions to its “reporting companies” requirement. If the reporting company meets one of these exemptions under The Corporate Transparency Act Regulations, they do not need to report their beneficial ownership information to the Financial Crimes and Enforcement Network (FinCEN).

The most notable exemption is the “large operating company” exemption. Other exemptions include the inactive entity exemption, subsidiaries of exempt companies, depository institutions the tax exempt entity exemption, and the pooled investment vehicle exemption.

On top of this, there are other exemptions that involve the Securities Exchange Act of 1934, and the Commodity Exchange Act.

This video walks you through the 23 exemptions, and what “reporting companies” must do to qualify for each of them.

The Corporate Transparency Act is the most important business law passed in the last 40 years. Direct Answers from Corporate Direct will keep you up to date on this new law. XRP.

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DISCLAIMER: The contents of this video are NOT LEGAL ADVICE and do not apply to your specific circumstances. This information is provided for general informational and educational purposes only. Viewing this video DOES NOT CREATE AN ATTORNEY-CLIENT RELATIONSHIP. We highly encourage you to seek professional legal advice before acting or relying on any information contained in this video.