US Corporate Transparency Act misconceptions persist

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US Corporate Transparency Act misconceptions persist

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Research reveals legal professionals' misunderstandings about the Corporate Transparency Act but expect positive business impacts

A recent study commissioned by CSC, a leading provider of global business administration and compliance solutions, highlights significant knowledge gaps regarding the Corporate Transparency Act (CTA) among senior in-house legal and compliance executives. Despite these misconceptions, the majority of professionals surveyed anticipate the CTA will have a positive impact on business and trade.

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