News & Analysis as of

Employee Stock Ownership Plans Corporate Transparency Act Reporting Requirements

Kaufman & Canoles

Corporate Transparency Act: ESOP Considerations

Kaufman & Canoles on

The Corporate Transparency Act (CTA) went into effect January 1, 2024, imposing significant reporting obligations for millions of privately held entities, called Reporting Companies. ...more

Foster Swift Collins & Smith

The Corporate Transparency Act's Impact on ESOPs

The Corporate Transparency Act (“CTA”), which became effective on January 1, 2024, requires that many businesses report a significant amount of information about the company and its “beneficial owners” to a federal database....more

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