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Reporting Requirements Business Ownership Corporate Transparency Act

Sheppard Mullin Richter & Hampton LLP

The Corporate Transparency Act: What You Need to Know Ahead of the January 1, 2025 Deadline

The January 1, 2025 deadline for any “reporting company” formed prior to January 1, 2024 to file a Beneficial Ownership Information Report (“BOIR”) with the Department of the Treasury’s Financial Crimes Enforcement Network...more

Goulston & Storrs PC

The CTA Filing Deadline is Approaching. Is Your BOIR Filed Yet?

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The clock is ticking—just 49 days remain until the one-year filing deadline for the Corporate Transparency Act (CTA)! Entities established before January 1, 2024, must submit a beneficial owner information report (BOIR) by...more

Robinson & Cole LLP

Legal Update: January 1, 2025 Deadline - Corporate Transparency Act Mandatory Filings

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The U.S. Congress enacted the Corporate Transparency Act (CTA) to establish and maintain a national registry of beneficial owners of entities that are considered to be “reporting companies.” Historically, the U.S. has lagged...more

Smith Gambrell Russell

The Time Is Now (to Report Under the Corporate Transparency Act)

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Entities in existence prior to January 1, 2024, that are non-exempted “reporting companies” under the Corporate Transparency Act (“CTA”), must make initial filings with the Financial Crimes Enforcement Network bureau of the...more

White and Williams LLP

Simplifying Trustee Compliance with the Corporate Transparency Act

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Under the Corporate Transparency Act (“CTA”), every "reporting company" needs to file a Beneficial Ownership Information (“BOI”) report by January 1, 2025. For entities formed during 2024, this BOI report is due within 90...more

Mintz

January 1, 2025 Deadline Is Fast Approaching for Compliance with the Corporate Transparency Act

Mintz on

The Corporate Transparency Act (CTA) requires entities, including corporations, limited liability companies, and limited partnerships, to file a beneficial ownership information (BOI) report with the Financial Crimes...more

UB Greensfelder LLP

Deadline Approaching Under The Corporate Transparency Act

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Have you filed your company’s BOI report? As announced in December 2023, under the Corporate Transparency Act (CTA), certain legal entities formed before January 1, 2024 have to file a Beneficial Ownership Information (BOI)...more

Nossaman LLP

Miracles Do Exist – Easing the Pain of a Corporate Transparency Act Filing

Nossaman LLP on

Filings Due January 1, 2025 In October 2023, we warned our readers of a new nightmare – beneficial ownership information (BOI) reporting under the Corporate Transparency Act (CTA). As the January 1, 2025 filing deadline...more

Society of Corporate Compliance and Ethics...

The Corporate Transparency Act

The Corporate Transparence Act was a part of landmark anti-money laundering legislation passed in 2021. It was designed to shift reporting of corporate ownership from a hodgepodge of different financial institutions to the...more

Burr & Forman

Corporate Transparency Act Filing Deadlines Approaching - What You Need to Know, Part II

Burr & Forman on

The Corporate Transparency Act (CTA) requires “reporting companies” to report certain beneficial ownership information (BOI) to the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) in order to enhance...more

Nelson Mullins Riley & Scarborough LLP

Staying Compliant: Corporate Transparency Act Updates for Businesses

Since we’re closing in on the end of 2024, we want to provide this update to our clients concerning the upcoming reporting deadline under the Corporate Transparency Act (CTA). If your entity was created or registered to do...more

Baker Donelson

Issues to Consider When Retaining Third-Party Vendors for CTA Filing Services

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The Corporate Transparency Act (CTA) requires many companies formed or registered to do business in the U.S., to file extensive beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN) no later...more

Akerman LLP

Corporate Transparency Act Filing Deadline for Companies Organized Prior to January 1, 2024

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Pursuant to the provisions of the Corporate Transparency Act (CTA), which became effective as of January 1, 2024, all domestic entities organized under the laws of a state prior to January 1, 2024, or foreign entities...more

Dickinson Wright

Are You Prepared for the Corporate Transparency Act? What to Know Before December 31, 2024

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The Corporate Transparency Act (“CTA” or the “Act”) became effective as of January 1, 2024.  It is the latest effort by the federal government to combat money laundering, tax fraud, and other illegal activity by bad actors. ...more

Saul Ewing LLP

Legal Update: Corporate Transparency Act Deadlines and New York Corporate Transparency Act

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With the close of summer, businesses across the United States are finally confronting the looming corporate disclosure requirements imposed by the Corporate Transparency Act (CTA) and the New York Corporate Transparency Act...more

Saul Ewing LLP

What Trustees Need to Know About the Corporate Transparency Act

Saul Ewing LLP on

According to the introductory paragraph of the guidelines issued by the Financial Crimes Enforcement Network (“FinCEN”) of the United States Treasury, “[i]llicit actors frequently use corporate structures such as shell and...more

Polsinelli

Accountancy and the Corporate Transparency Act

Polsinelli on

The Corporate Transparency Act (CTA) is a new, federal, legal reporting and compliance regime touching on the ownership and control of covered reporting companies operating in the United States. These reporting companies are...more

Mandelbaum Barrett PC

Navigating the Corporate Transparency Act: Reporting Requirements and Compliances Strategies for Small Businesses

Mandelbaum Barrett PC on

On January 1, 2024, the Corporate Transparency Act (the “CTA”) became effective and imposes reporting obligations which impact millions of small businesses across the United States. Although the CTA is currently the subject...more

Manatt, Phelps & Phillips, LLP

Complying with the Corporate Transparency Act

Under the Corporate Transparency Act (CTA), as of January 2024 many corporations, limited liability companies, limited partnerships, and similar legal entities are now required to report ownership and management information...more

Perkins Coie

Corporate Transparency Act Midyear Update: Game-Changing FinCEN Guidance and What To Do To Meet Year-End Filing Obligations

Perkins Coie on

June marked the six-month milestone for the implementation of the Corporate Transparency Act (CTA)—the landmark anti-money laundering law requiring beneficial ownership reporting for U.S. companies that became effective on...more

Saul Ewing LLP

Public Companies Quarterly Update (Q2 2024)

Saul Ewing LLP on

Welcome to Saul Ewing’s Public Companies Quarterly Update series. Our intent is to, on a quarterly basis, highlight important legal developments of which we think public companies should be aware. This edition is related to...more

Hinshaw & Culbertson LLP

Updated FinCEN FAQs Provide Three Important Clarifications on Reporting Obligations Under the Corporate Transparency Act (CTA)

The Corporate Transparency Act (the CTA) went into effect earlier this year, although many uncertainties about the CTA's application still remain. To help remedy those uncertainties, the Financial Crimes Enforcement Network...more

King & Spalding

Corporate Transparency Act: Entities That No Longer Exist May Need to File BOI Reports According to New FinCEN FAQs

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Since January 1, 2024, when the Corporate Transparency Act’s (“CTA”) beneficial ownership reporting requirements became effective, a key issue has been whether companies that meet the requirements of a “reporting company” are...more

Adams and Reese LLP

CTA Update – FinCEN Says Dissolved Companies Must Report Beneficial Ownership Information

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The Financial Crimes Enforcement Network (“FinCEN”) continues to publish further interpretive guidance through their Frequently Asked Questions (“FAQs”) regarding the Beneficial Ownership Information (“BOI”) requirements...more

Polsinelli

FinCEN Publishes Updated FAQs

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Entities terminated in 2024 are required to file Corporate Transparency Act beneficial ownership information reports, as are administratively dissolved entities. The Financial Crimes Enforcement Network (“FinCEN”)...more

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