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The Corporate Transparency Act: A Must-Do List for the New Regulations

In a recent article for The Practical Lawyer, I provide a high-level summary of the the Corporate Transparency Act (CTA), which was enacted on January 1, 2024. In the article, I give: 

  • an overview of the regulations so far
  • a summary of CTA requirements
  • the definition of a “reporting company" and “beneficial owner”
  • exemptions for the CTA's reporting obligation
  • deadlines for filing
  • contents of an initial beneficial owners report
  • special rules affecting beneficial owners reports
  • FinCEN identifiers
  • enforcement and penalties
  • practical considerations

To read the full article, please click here

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