Navigating the Maze: Who’s Exempt From the Corporate Transparency Act?
List of exceptions to beneficial ownership is long — but complicated
Tag: Corporate Transparency Act (CTA)
Under the Corporate Transparency Act (CTA), millions of U.S. business must provide beneficial ownership information to the federal government in a FinCEN-maintained database. While many types of entities are exempt, they are generally those in regulated industries, meaning they likely already report this information to the government.
CTA Q&A: As the Reporting Clock Ticks, Companies Face a Race Against Time
Nearly 33 million U.S.-based business entities are obligated to file beneficial ownership reports with FinCEN under the Corporate Transparency Act ...
News Roundup: With Court Challenge Ongoing and Deadline Approaching Rapidly, CTA Awareness Lags
Data protection struggles amid cloud & AI expansion
Corporate Transparency Act: Where It Stands & Lessons Learned
With some exceptions, companies should assume they need to report beneficial ownership
News Roundup: SEC Finalizes New Cybersecurity Rules for Broker-Dealers, Others
OFAC launches public-facing sanctions database
Court Moves Leave CTA Enforcement Up in the Air
Companies formed at the start of 2024 face fast-approaching deadline
Data Protection Demands Complicate CTA Compliance
As the calendar rolled over into 2024, a new reporting obligation went into effect for millions of American companies, the ...
A Look Back: Top Stories of 2023
An AI frenzy. An anti-ESG backlash. New rules from the SEC and updated guidance from the DOJ. All while minding ...
Shell Game: New York State on the Brink of Creating Public LLC Database
Empire State lawmakers aim to lift veil of corporate anonymity in fight against money laundering
A (Beneficial) Owners Manual: Staying Compliant in Light of New FinCEN Rule
New regulations will require companies to report accurate and up-to-date beneficial ownership information to the U.S. government. Keeping track of ...
Ownership Reporting Requirements May Ensnare Web3.0 Companies
Popular among Web3.0 companies, decentralized autonomous organizations, or DAOs, lack many of the traditional elements of legal business entities. But ...
Survey: Few Companies Subject to New CTA Reporting Requirements Are Aware of Them
Corporate Transparency Act will affect millions of businesses starting next year
