Congress Enacts Corporate Transparency Act Requiring Corporations, Limited Liability Companies and Similar Entities to Disclose Beneficial Ownership Information
By EsqSocial Corporation 15/01/21
Key Points - - This advisory summarizes the requirements and legislative intent of the Corporate Transparency Act, which is included under the National Defense Authorization Act, known as the Defense Bill. - The Defense Bill was initially passed by Congress but then subsequently vetoed by President Trump on December 23, 2020. - President Trump's veto was overridden by the US House of Representatives on December 28, 2020 and the US Senate on January 1, resulting in the enactment of the...
By: Katten Muchin Rosenman LLP