The Corporate Transparency Act: What We Know, What We Don’t, and What to do Next
By EsqSocial Corporation 03/02/21
On January 1, 2021, Congress overrode President Trump’s veto of the National Defense Authorization Act for Fiscal Year 2021 (the "NDAA"), enacting the legislation into law. The NDAA includes the Corporate Transparency Act (“CTA”), which imposes new federal reporting obligations on certain companies, including information on the beneficial owners of those companies. The CTA has been characterized by some as the most significant anti-money laundering reform in a generation and, as the legislation...
By: Foley Hoag LLP