<![CDATA[Business Formation - Chadwick, Spensley & Fox]]> https://www.chadwickandspensley.com/blog/categories/business-formation/ Fri, 26 Sep 2025 16:00:31 GMT en-us <![CDATA[Us Treasury Now Requires Filing for All New and Existing Vermont Businesses]]> https://www.chadwickandspensley.com/blog/us-treasury-now-requires-filing-for-all-new-and-existing-vermont-businesses/ https://www.chadwickandspensley.com/blog/us-treasury-now-requires-filing-for-all-new-and-existing-vermont-businesses/ Fri, 27 Sep 2024 20:56:00 GMT As part of the Corporate Transparency Act enacted in 2021, the US Treasury is now requiring all existing and new businesses to submit a filing with the Department identifying members who hold an interest in the company. According to a January, 2024 press release, existing companies have 1 year to provide the required filing, while…

]]> As part of the Corporate Transparency Act enacted in 2021, the US Treasury is now requiring all existing and new businesses to submit a filing with the Department identifying members who hold an interest in the company.

According to a January, 2024 press release, existing companies have 1 year to provide the required filing, while new companies shall have 90 days from inception. All LLCs, S-Corps and other business entities that are for profit fall under this regulation. There are some exceptions for sole proprietorships and non-profit entities.

The filing is not an annual requirement. However, if there is a change in ownership, an amended filing identifying the new owners may be required.

For more information on filing requirements and to begin the filing process click HERE.

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