If you have significant control over the operations of or own twenty-five (25%) or more of a company that makes less than five million dollars ($5,000,000) per year, you may be subject to new reporting requirements under the Corporate Transparency Act (“CTA”). The CTA, which took effect January 1, 2024, establishes beneficial ownership information (“BOI”) reporting requirements for certain corporations, limited liability companies, and other entities created in or registered to do business in the United States.