Corporate Transparency Act 2024 Exemptions List. As of january 1, 2024, entities formed or registered with filing with a state must report their beneficial ownership information (“boi”), unless exempted under one of the 23 specified. An entity that qualifies under any of these 23 exemptions will not need to file a boi report, unless the company later becomes nonexempt.

Pwc classifies the 23 exemptions into seven types: On january 1, 2024, corporate transparency act (the “cta”) went into effect and “reporting companies” in the united states are required to disclose information regarding its.