The Corporate Transparency Act (CTA) is part of the National Defense Authorization Act of 2021 and is effective on January 1, 2024. The CTA mandates the filing of ownership information reports for all corporations, limited liability companies and other entities registered to do business in the United States. The CTA filings are intended to identify illegal activities such as money laundering, terrorism, drug trafficking, etc.... via information reporting about ownership and beneficial ownership of entities.