CTA Exemptions and Penalties
It’s easier to figure out which companies have to file a Corporate Transparency Act report by understanding which companies are exempt from filing such a report. If you have a question about whether you need to file a CTA report, the short answer is…
Beneficial Owners and Required Submissions
The Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) hopes to achieve this aim by requiring certain companies (we’ll talk more about which companies in the third article) to report identifying information…
What is the Corporate Transparency Act?
Often, criminals “launder” their money to hide the illegal activity through which they accumulated it. The Corporate Transparency Act of 2021 requires certain companies to report beneficial owner and company applicant information…