The Corporate Transparency Act: New Beneficial Ownership Reporting Requirements for Companies
By EsqSocial Corporation 13/04/21
Earlier this year, Congress voted to override former President Trump’s veto of the 2021 National Defense Authorization Act (“NDAA”). The Corporate Transparency Act (“CTA”), enacted as part of the NDAA, requires “reporting companies” to make filings with the Department of Treasury’s Financial Crimes Enforcement Network (“FinCEN”) which identify and disclose certain information about each of its “beneficial owners.”...
By: Lippes Mathias Wexler Friedman