Substantial Control News Today

The Corporate Transparency Act (“CTA”) is a newly effective federal law that requires certain entities to report their owners to the U.S. Department of the Treasury’s Financial Crimes...

Irrevocable trusts that own or control entities raise complex issues for reporting under the Corporate Transparency Act (CTA).

In an effort to combat the proliferation of anonymous shell companies used for criminal purposes in the United States, Congress enacted the Corporate Transparency Act (the “CTA”), which...

The Corporate Transparency Act (“CTA” or the “Act”) is effective as of January 1, 2024. It is the latest effort by the federal government to combat money laundering, tax fraud, and...

1. What Is the Corporate Transparency Act and Why Was It Enacted? Congress enacted the Corporate Transparency Act (CTA) on January 1, 2021, to address concerns that the inaccessibility ...

As we prepare for another spooky night, many of you may have seen stories of an impending horror – the intrusive filing requirements of the Corporate Transparency Act (the CTA)....

In January 2021, Congress enacted the Corporate Transparency Act (“CTA”), which is intended to bring the U.S. into compliance with international anti-money laundering standards. It will...

A vast number of private businesses will face new requirements on how – and whether – they report their beneficial ownership interests to the U.S. government, effective at the start of...

Under the Corporate Transparency Act (the “CTA”) and the related reporting rule (the “Rule”), reporting companies (as discussed below) will be required to file reports containing...

Corporate Transparency Act CTA to prevent money laundering by imposing disclosure requirements on reporting companies. Requires Beneficial Ownership Information BOI. CTA takes effect on January 1 2024 and applies to companies formed both before and after the effective date