The Corporate Transparency Act (CTA) introduces beneficial ownership reporting requirements effective January 1, 2024, for new and existing companies. Below is an overview of the new reporting obligations imposed by the CTA....more
12/19/2023
/ Beneficial Owner ,
Corporate Transparency Act ,
Financial Institutions ,
FinCEN ,
Jurisdiction ,
Law Enforcement ,
Limited Liability Company (LLC) ,
Limited Partnerships ,
National Security ,
Ownership Interest ,
Penalties ,
Reporting Requirements ,
Smaller Reporting Companies
Beginning January 1, 2024, the US Corporate Transparency Act (CTA) will require “reporting companies” to submit a report to the Financial Crimes Enforcement Network (FinCEN) containing personal information about the reporting...more
The Corporate Transparency Act (CTA) has the potential to reshape the privacy landscape for family offices, while also introducing considerable compliance burdens and legal risk.
Join Daniel Bell and Sebastian Orozco...more