It is quite common for high-net-worth individuals to have income streams from multiple countries. For example, an individual may have an ownership interest in a foreign (i.e., non-U.S.) company, be a beneficiary of a foreign...more
The U.S. Corporate Transparency Act (“CTA”) is the first comprehensive ultimate beneficial owner (“UBO”) and controlling persons reporting regime in the United States and will have broad and cascading implications to...more