News & Analysis as of November 10, 2024

Corporate Transparency Act

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A repository for the most well-read content on JD Supra at any given time, along with occasional roundups of popular content by specific topic. Also stop by for monthly recaps of hot articles for the previous... more +

The Corporate Transparency Act – FinCEN Filing Reminders and Legal Updates

Bowditch & Dewey on 3/29/2024

The Corporate Transparency Act (the “CTA”) became effective on January 1, 2024. In March 2024, a U.S. District Court from the Northern District of Alabama held that the CTA was unconstitutional [Nat’l Small Business United...more

The Wait Is Over: Corporate Transparency Act Takes Effect

Bradley Arant Boult Cummings LLP on 1/9/2024

The Corporate Transparency Act (CTA) and its requirements for privately held companies to report their beneficial ownership information went into effect on January 1, 2024. The CTA requires most corporations, limited...more

NY’s LLC Transparency Act and NYC Real Estate – Albany Wants to Know the Secrets that You Keep[i]

Rivkin Radler LLP on 1/5/2024

A national study released in 2015 reported that “nearly half the residential purchases of over $5 million were made by shell companies rather than named people.”[ii] Because shell companies could often be formed without...more

Corporate Transparency Act Reporting Begins: Are You Ready?

McGlinchey Stafford on 1/3/2024

Effective January 1, 2024, companies must disclose their beneficial owners to the Financial Crimes Enforcement Network (FinCEN) within the United States Department of Treasury. The reporting requirement is part of the U.S....more

Small Business Owners: New Federal Reporting Requirements Start January 1

Hendershot Cowart P.C. on 12/28/2023

Beginning January 1, 2024, most small businesses in the United States will have to report information about the people who own and control the business to the federal government. This new reporting rule was established by...more

FinCEN’s New Rules for Reporting Beneficial Owners Create Opportunity for Whistleblowers

Kohn, Kohn & Colapinto LLP on 12/22/2023

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) is enacting new rules for January 1, 2024, requiring companies to report their beneficial owners to FinCEN. Violations of these new...more

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