Use this button to switch between dark and light mode.

The Corporate Transparency Act and Beneficial Ownership Reporting Requirement for Non-Financial Companies

April 18, 2023 (2 min read)

Newly formed companies in the United States, defined as a reporting company, must file reports to the Financial Crimes Enforcement Network (FinCEN) of the U.S. Treasury Department on the companies’ beneficial owners. Understand the reporting requirements under the Corporate Transparency Act (CTA) with this detailed practice note, written by Jonathan B. Wilson, Partner at Taylor English Duma and The FinCEN Report Company. The practice note discusses the CTA requirements and provides guidance on which entities are reporting companies, what reporting information is required by FinCEN, and exempt entities. Access today and determine your companies’ readiness for this new regulatory reporting requirement that takes effect on January 1, 2024.

Read here »

Related Content          

Practical Guidance Updates
Featuring the latest updates from your Practical Guidance account.          

Experience results today with practical guidance, legal research, and data-driven insights—all in one place.

Experience Lexis+