Corporate Transparency Act: What You Need to Do Now

As discussed in our prior alert, effective as of January 1, 2024, the Corporate Transparency Act and rules issued thereunder by the Financial Crimes Enforcement Network (“FinCEN”) (collectively, the “CTA”) require most US entities and foreign entities registered to do business in the United States to file reports (“BOI reports”) with FinCEN disclosing information about the entity and its beneficial owners (“BOI”).