Corporate Transparency Act

  • View All

The CTA: How KT Can Help Navigate the Murky Waters

For our past analyses and updates on the CTA, please visit our blog. As a quick summary, the Corporate Transparency Act (CTA) requires most corporations, limited liability companies and similar entities formed or registered to do business in the United States to report beneficial ownership information (BOI) reports…

June 17, 2024

The Corporate Transparency Act: Update III

We continue to monitor Corporate Transparency Act (CTA) developments. This update includes the news that as of January 3, 2024, the Financial Crimes Enforcement Network (FinCEN), the bureau responsible for enforcing CTA provisions, has established its system for online filing of beneficial ownership information. Reporting companies required to file beneficial…

January 16, 2024

The Corporate Transparency Act: Update II

We continue to monitor Corporate Transparency Act (CTA) developments. Two recent regulatory actions were announced by the Financial Crimes Enforcement Network (FinCEN), the bureau responsible for enforcing CTA provisions. Both regulatory actions are intended to help ease the reporting burden on affected reporting companies. For a general background of the…

November 22, 2023

The Corporate Transparency Act: An Update

As promised in my earlier newsletter article “Making Translucency Out of Transparency: Our Take on the Corporate Transparency Act” (June 20, 2023), we are continuing to monitor developments on this new significant reporting law.  As we rapidly approach 2024, which ushers in the first filing requirements under this law,…

October 9, 2023