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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