News & Analysis as of August 11, 2025

Limited Liability Company (LLC)

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The Financial Crimes Enforcement Network (FinCEN) is a bureau of the U.S. Department of the Treasury charged with detecting and combatting illegal activity within the financial system. FinCEN detects evidence of money laundering, terrorist financing and other financial crimes by collecting, monitoring, and analyzing financial transaction data. Such data is disseminated to both domestic and international law enforcement agencies. less -

What Private Companies and Family Offices Need to Consider in 2025

ArentFox Schiff on 3/10/2025

Across all industries, private companies, family offices, and their owners and management teams face rapidly evolving challenges, opportunities, and risks in the dynamic environment that is 2025. Here are 11 issues that...more

Although Federal CTA Paused, New York State Equivalent Still Looming

Cole Schotz on 1/7/2025

As of December 26, 2024, the Fifth Circuit restored the nationwide injunction against the federal Corporate Transparency Act (“CTA”), issued in Texas Top Cop Shop. No enforcement of the filings requirements is currently...more

FinCEN Engages in Outreach as CTA Deadline Looms

Rivkin Radler LLP on 11/19/2024

By January 1, 2025, millions of existing businesses must have filed certain information with the Financial Crimes Enforcement Network (FinCEN) to remain in compliance with the Corporate Transparency Act (CTA). As this...more

Corporate Transparency Act Requires Action by Year End: Your Estate Plan Could Be Impacted

K&L Gates LLP on 11/5/2024

If you manage or own an interest in a limited liability company (LLC) or another type of entity that does not already have a public filing requirement (a Reporting Company), you may be subject to a reporting requirement under...more

Impact of the Corporate Transparency Act on Business Aviation and Fast Approaching Deadlines

Holland & Knight LLP on 10/3/2024

The Corporate Transparency Act (CTA) requires certain legal entities to identify their individual Beneficial Owners on a report filed electronically with the U.S. Department of the Treasury's Financial Crimes Enforcement...more

What You Need To Know about FinCEN’s Ultimate Beneficial Ownership Reporting Rule

Ankura on 6/7/2024

On September 30, 2022, FinCEN published the Ultimate Beneficial Ownership (UBO) Reporting Rule (the Rule), which implements reporting requirements regarding Beneficial Ownership Information (BOI) under the Corporate...more

New York LLC Transparency Act Update

Vicente LLP on 5/17/2024

Enacted in 2021, the Corporate Transparency Act (CTA) took effect on January 1, 2024. With this act, Congress intended to combat illicit activity by requiring certain US businesses to disclose ownership information to FinCEN....more

Compliance with the New York LLC Transparency Act Necessary for Many Mintz Clients

Mintz - Venture Capital & Emerging Companies... on 3/13/2024

Clients with Limited Liability Companies in New York Likely Impacted - New York Governor Kathy Hochul recently signed the New York LLC Transparency Act (NYLTA) into law. The act, which will become effective on December 21,...more

Structured Finance Spectrum – Winter 2024

Alston & Bird on 2/22/2024

Welcome to the latest edition of the Spectrum, covering hot-topic issues in the structured finance markets in the U.S. and UK. This edition features the shifting single-family rental landscape, what’s next for EDGAR, and...more

New for 2024: Compliance with the Corporate Transparency Act Necessary for Many Mintz Clients

Mintz - Securities & Capital Markets... on 2/2/2024

Reporting requirements under the Corporate Transparency Act (CTA) are in effect beginning January 1, 2024. Under the CTA, many US entities will be required to provide the personal information of their beneficial owners to the...more

Compliance with the Corporate Transparency Act Necessary for Many Estate Planning Clients

Mintz on 12/14/2023

Reporting requirements under the Corporate Transparency Act (CTA) will go into effect beginning January 1, 2024. Under the CTA, many business entities formed or registered in the US will be required to provide the personal...more

New Federal Law to Create Reporting Requirements for Most U.S. Entities

Roetzel & Andress on 12/8/2023

Many entities across the United States are about to have increased reporting requirements starting January 1, 2024. After a long anticipated-wait, FinCEN, the Financial Crimes Enforcement Network, issued a final rule on the...more

Corporate Transparency Act Reporting Requirements to Take Effect in 2024

Arnall Golden Gregory LLP on 11/7/2023

Beginning January 1, 2024, the reporting requirements of the Corporate Transparency Act (the “CTA”) will take effect. Under the CTA, every “reporting company” must report certain information about itself, its “beneficial...more

Lenders: The Corporate Transparency Act is Headed Your Way in January 2024

Harris Beach Murtha PLLC on 9/25/2023

The Corporate Transparency Act (CTA), which was passed by Congress in 2021 and is administered by the Financial Crimes Enforcement Network (FinCEN) at the U.S. Department of the Treasury, will become effective on January 1,...more

FinCEN Provides Small Entity Compliance Guide for Beneficial Ownership Reporting under the CTA

Bradley Arant Boult Cummings LLP on 9/22/2023

As the January 1, 2024, start date for private entities to begin reporting beneficial ownership under the Corporate Transparency Act (CTA) rapidly approaches, increasing attention is being given to how these far-reaching...more

New Corporate Reporting Requirements on Trusts and Other Estate Planning Vehicles

Goodwin on 12/22/2022

The Financial Crimes Enforcement Network (FinCEN) has issued final regulations setting out the reporting requirements of the Corporate Transparency Act (CTA). The CTA requires the reporting of beneficial ownership information...more

Corporate Transparency Act: A New Regulatory Requirement for Business

Holland & Knight LLP on 11/8/2019

The U.S. House of Representatives passed the Corporate Transparency Act of 2019 (HR 2513) by a vote of 249-173, including 25 Republicans, on Oct. 22, 2019. A companion bill is being reviewed by the Senate. The purpose of HR...more

What are some of the monetary penalties and other consequences of failing to properly report my foreign real estate and other...

Rosenberg Martin Greenberg LLP on 3/21/2019

Depending upon how foreign real estate is owned and/or controlled, a number of different tax reporting regimes may be implicated. Each of these has its own corresponding penalties and generally applies to United States...more

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FinCEN › Compliance › Limited Liability Company (LLC)

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