News & Analysis as of

Privately Held Corporations FinCEN Corporate Transparency Act

ArentFox Schiff

What Private Companies and Family Offices Need to Consider in 2025

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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

Kaufman & Canoles

Corporate Transparency Act: ESOP Considerations

Kaufman & Canoles on

The Corporate Transparency Act (CTA) went into effect January 1, 2024, imposing significant reporting obligations for millions of privately held entities, called Reporting Companies. ...more

Amundsen Davis LLC

U.S. District Court Rules the Corporate Transparency Act Unconstitutional: What is the Impact for Businesses?

Amundsen Davis LLC on

On March 1, 2024 in the case of National Small Business United v. Yellen 5:22-cv-01448-LCB the U.S. District Court for the Northern District of Alabama declared the Corporate Transparency Act (“CTA”) unconstitutional stating...more

ArentFox Schiff

What Private Companies Need To Consider in 2024: Top 10 Legal Issues

ArentFox Schiff on

Private companies and their owners face ever-evolving challenges as the market sees new regulations, new deal trends, and new risks in 2024. Below are 10 issues that the owners and leaders of privately held companies should...more

Kaufman & Canoles

Corporate Transparency Act

Kaufman & Canoles on

The Corporate Transparency Act (“CTA”) comes into effect January 1, 2024, imposing significant reporting obligations for millions of privately held entities, called Reporting Companies. The CTA was designed to increase...more

Bradley Arant Boult Cummings LLP

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

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

Willcox & Savage

Out of Scope - Exemptions from the Corporate Transparency Act

Willcox & Savage on

The second installment in a multi-part series looking at the new Corporate Transparency Act discusses what is likely to be the first question that many companies have whenever a new law is passed – are we exempt? ...more

Mintz Edge

FinCen Publishes Final Rule on Beneficial Ownership Requirements - a Critical Step Towards Heightened Transparency in U.S....

Mintz Edge on

On January 1, 2021, Congress passed the Corporate Transparency Act (“CTA” or the “Act”) to “better enable critical national security, intelligence and law enforcement efforts to counter money laundering, financing of...more

Bradley Arant Boult Cummings LLP

FinCEN Issues Final Rule Requiring Private Companies to Report Ownership

On September 29, 2022, the United States Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a final rule requiring millions of private companies to report their ownership to the United States...more

Schwabe, Williamson & Wyatt PC

New Beneficial Ownership Reporting Requirements for Privately Held Entities - Corporate Transparency Act

Many privately held U.S. domiciled or active entities, including foreign entities that operate in the United States,‎ will be required to disclose the identification of beneficial owners to the U.S. Department of the...more

Snell & Wilmer

New Year, New Laws – Congress Passes Major Anti-Money Laundering Act

Snell & Wilmer on

On January 1, 2021, Congress passed the National Defense Authorization Act for Fiscal Year 2021, an omnibus bill that includes the Anti-Money Laundering Act of 2020 (“AMLA”). The AMLA bans the use of anonymous shell companies...more

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