The Who, What, When, Where and How of the CTA
The Corporate Transparency Act (the “CTA”), effective as of January 1, 2024, establishes significant, and potentially onerous, beneficial ownership reporting requirements on a broad range of entities. The attached Client Alert aims to distill the reporting obligations, highlight some areas lacking clarity, and advise our clients to discuss their potential CTA reporting obligations with their various advisors.
For additional information, see the FinCen Beneficial Ownership FAQs