New Law Outlaws Anonymous Shell Companies

The recently passed National Defense Authorization Act (NDAA) contained, among other things, a provision known as the Corporate Transparency Act (CTA) that will ban anonymous shell companies across the United States. This measure has been long sought after by anti-corruption activists, who consider it to be a major step in fighting money laundering and other shady business practices. Both current and future business owners should be aware of what this new law will require of them and how it may affect their businesses. Continue reading “New Law Outlaws Anonymous Shell Companies”