Beneficial Ownership Reporting: New Deadlines, Requirements, and Compliance Updates
In light of a December 23, 2024 Cout of Appeals decision, the Corporate Transparency Act (CTA) still mandates that many businesses in the United States report specific information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN). This initiative aims to enhance corporate transparency and combat illicit financial activities. Businesses registered before January 2024 must file by January 13, 2025. Newly established businesses are required to file within 30 days of obtaining their business license. Who Must File? Read more


