News & Analysis as of

New Regulations Beneficial Owner Corporate Transparency Act

Rothwell, Figg, Ernst & Manbeck, P.C.

The Corporate Transparency Act: What you Need to Know to Comply with the New Requirements

The Corporate Transparency Act (CTA) went into effect on January 1, 2024, and will impact millions of U.S. businesses by imposing requirements to file corporate transparency reports with beneficial ownership information...more

Greenberg Glusker LLP

Corporate Transparency Act: Reporting Deadline Approaching

Greenberg Glusker LLP on

The Corporate Transparency Act (CTA) imposes far-reaching new reporting obligations on many U.S. businesses, and the penalties for non-compliance are substantial. With only a few months left before the January 1, 2025,...more

Holtzman Vogel Baran Torchinsky & Josefiak

In-Compliance Newsletter: March 2024 Round-up

On March 15, 2024, the Supreme Court issued a unanimous opinion in Lindke v. Freed and a per curiam opinion in O’Connor-Ratcliff v. Garnier addressing when a public official may prevent a person from commenting on the public...more

ArentFox Schiff

What Private Companies Need To Consider in 2024: Top 10 Legal Issues

ArentFox Schiff on

Private companies and their owners face ever-evolving challenges as the market sees new regulations, new deal trends, and new risks in 2024. Below are 10 issues that the owners and leaders of privately held companies should...more

Bilzin Sumberg

The Corporate Transparency Act: Ready, Set, Go!

Bilzin Sumberg on

It’s official: the Corporate Transparency Act (the “Act”) has gone into effect January 1, 2024. On December 21, 2023, the Financial Crimes Enforcement Network (“FinCEN”) issued its second final rule establishing the framework...more

Kohrman Jackson & Krantz LLP

Is Your Business Ready for the Corporate Transparency Act?

As we move into the second half of the year, it is increasingly important for your business to start preparing for the Financial Crimes Enforcement Network’s (FinCEN) rollout of the Corporate Transparency Act (CTA)....more

Husch Blackwell LLP

Transparency Cloaked in Complexity: Final Rules Issued Under the Corporate Transparency Act

Husch Blackwell LLP on

On September 29, 2022, the Financial Crimes Enforcement Network (FinCEN) issued final regulations implementing the reporting requirements of the Corporate Transparency Act of 2020 (CTA) which will become effective on January...more

ArentFox Schiff

FinCEN Issues Final Rules & Regulations for CTA

ArentFox Schiff on

Knowing who owns legal entities is essential to stopping terrorism, money laundering, and other sophisticated criminal enterprises. For entities formed in the United States there has never been a requirement to disclose...more

Keating Muething & Klekamp PLL

Corporate Transparency Act Update—FinCEN Issues Final Rule

On September 29, 2022, the Financial Crimes Enforcement Network (“FinCEN”) issued the highly anticipated final rule, Beneficial Ownership Information Reporting Requirements (the “Final Rule”), implementing the beneficial...more

Husch Blackwell LLP

Beneficial Ownership Reporting Under the Corporate Transparency Act

Husch Blackwell LLP on

Key Points- •In December 2021, the Financial Crimes Enforcement Network (FinCEN) issued proposed regulations (Proposed Rule) that would implement the beneficial ownership reporting requirements of the Corporate...more

Fox Rothschild LLP

Corporate Transparency Act Will Mandate Disclosure of ‘Beneficial Owners’ of New and Existing Entities

Fox Rothschild LLP on

A new federal law poised to take effect soon will impose new disclosure duties on the individuals and businesses that form new entities and the professionals who assist them. The Corporate Transparency Act was passed by...more

Wilson Sonsini Goodrich & Rosati

New Rules Will Require Beneficial Ownership Reporting to Federal Regulators by U.S. and Foreign Corporations, LLCs, and Other...

On December 8, 2021, the Treasury Department's Financial Crimes Enforcement Network (FinCEN) published its proposed regulations on beneficial ownership information (BOI) reporting requirements. These FinCEN regulations will...more

King & Spalding

FinCEN Issues Anti-Money Laundering and Countering the Financing of Terrorism Priorities

King & Spalding on

FinCEN announces eight areas of focus and advises preparation for issuance of new regulations - On June 30, 2021, the U.S. Department of Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued the first...more

Whitman Legal Solutions, LLC

Corporate Transparency Act–What Real Estate Sponsors and Investors Should Do Now to Prepare

Businesses facing a new law or regulation are like orchestra musicians. Most businesses will plan ahead so they can comply with new legal requirements on the law’s effective date. However, some laws are general and...more

Ward and Smith, P.A.

Dealing with the New Corporate Transparency Act

Ward and Smith, P.A. on

The Corporate Transparency Act (the "CTA") was adopted on January 1, 2021, to combat the laundering of illicit funds through anonymous "shell" companies. The CTA will require certain corporations and limited liability...more

Proskauer Rose LLP

The Corporate Transparency Act – Government KYC

Proskauer Rose LLP on

Summary of the Corporate Transparency Act under the National Defense Authorization Act for Fiscal Year 2021 - On January 1, 2021, the Corporate Transparency Act (the “CTA”), which is part of the National Defense...more

Allen Matkins

Corporate Transparency Act: New Requirements to Disclose Ownership Information to the Federal Government

Allen Matkins on

The Corporate Transparency Act (CTA) became a law on January 1, 2021, and it has significant implications for many new and existing United States and foreign business entities. The law will impose completely new,...more

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