The Corporate Transparency Act - Case Law Update and Determining Beneficial Owners
By EsqSocial Corporation 24/04/24
As discussed in our prior two alerts (found here), effective as of Jan. 1, 2024, the Corporate Transparency Act and rules issued thereunder by the Financial Crimes Enforcement Network (“FinCEN”) (collectively, the “CTA”) require most U.S. entities and foreign entities registered to do business in the United States to file reports with FinCEN disclosing information about the entity and its beneficial owners (“BOI Reports”)....
By: Smith Anderson