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Corporate Governance Smaller Reporting Companies Corporate Transparency Act

Foodman CPAs & Advisors

Empresa Que Reporta Obtiene Claridad Sobre La Actualización De FinCEN FAQs 1/12/24

El 1/12/24, FinCEN actualizó una vez más las preguntas frecuentes relacionadas con la regla de presentación de reportes de información sobre beneficiarios finales (BOI) agregando diez nuevas preguntas frecuentes....more

Foodman CPAs & Advisors

Reporting Company Gets Clarity On FinCEN FAQ 1/12/24 Update

On 1/12/24, FinCEN once again updated FAQs relating to the Beneficial Ownership Information (BOI) Reporting Rule by adding ten new FAQs. On 1/4/24, FinCEN published additional BOI FAQ’s to include new information about...more

The Rodman Law Group, LLC

Implications of the Corporate Transparency Act for Small Businesses

The Corporate Transparency Act (the “CTA”) was passed as part of the National Defense Authorization Act, adopted by Congress January 1, 2021. The CTA became effective on January 1, 2024, and will have an immense impact on...more

Foodman CPAs & Advisors

“Control Sustancial” Según El CTA

La Guía de Cumplimiento para Pequeñas Entidades de FinCEN publicada el 18 de septiembre de 2023 define un beneficiario real como cualquier individuo que, directa o indirectamente: ejerce un control sustancial sobre una...more

Foodman CPAs & Advisors

“Substantial Control” Under The CTA

FinCEN’s Small Entity Compliance Guide published 9/18/23 defines a beneficial owner as any individual who, directly or indirectly: exercises substantial control over a reporting company or owns or controls at least 25 percent...more

Saul Ewing LLP

Who Is a “Company Applicant” Under the Federal Corporate Transparency Act?

Saul Ewing LLP on

“Company applicants” — the term may sound vague, but the identities of “company applicants” of reporting companies are just as important under the new federal Corporate Transparency Act (the “CTA”) as the identities of the...more

Saul Ewing LLP

What Is a “Reporting Company” Under the New Federal Corporate Transparency Act?

Saul Ewing LLP on

Beginning on January 1, 2024, the Corporate Transparency Act (the “CTA”) will require all “Reporting Companies” to report to the federal Financial Claims Enforcement Network (“FinCEN”) information about their “beneficial...more

Buckingham, Doolittle & Burroughs, LLC

The Corporate Transparency Act

In 2024, U.S. Businesses Will Face Heightened Reporting Requirements. On January 1, 2021, the federal government enacted the Corporate Transparency Act (“CTA”) – which will impact nearly all U.S. businesses within the...more

Bass, Berry & Sims PLC

The Federal Corporate Transparency Act Through the Lens of Private Equity: Unique Challenges Await

Bass, Berry & Sims PLC on

With a stated goal of enhancing transparency of business ownership, the federal Corporate Transparency Act (CTA) mandates various types of businesses – such as corporations, limited liability companies, and limited...more

Hahn Loeser & Parks LLP

The Corporate Transparency Act to Take Effect: What Business Owners Need to Know

Hahn Loeser & Parks LLP on

U.S. companies will soon face new reporting requirements under the Corporate Transparency Act (“CTA”). The new law will require entities identified as reporting companies to provide information about their beneficial owners....more

Nutter McClennen & Fish LLP

The Corporate Transparency Act Webinar Recap

Watch the full recording. What Is the CTA? The CTA (31 USC § 5336; 31 CFR 1010) is intended to strengthen the federal government’s anti-money laundering efforts by requiring many business entities to report information...more

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