TL;DR Texas small businesses face unique tax requirements that differ significantly from other states. Unlike most states, Texas has no corporate income tax but requires franchise tax for
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- Author: Serena Do
The Corporate Transparency Act Frequently Asked Questions
We received a lot of questions about the Corporate Transparency Act and we have pulled together a list of frequently asked questions (FAQs) in response to inquiries received.
The Corporate Transparency Act — Beneficial Ownership Information (BOI) Reporting Requirements
UPDATED January, 02, 2024: FinCEN releases beneficial ownership information report. Effective January 1, 2024, the new beneficial ownership reporting requirements kick in for newly formed or registered entities.