New Corporate Transparency Requirements Are Coming
By: J. P. “Rusty” Carolan, Esquire and Michael C. Caborn, Esquire Beginning January 1, 2024, the Federal Corporate Transparency Act (the “Act”) will impose significant new reporting requirements on certain companies and require registration with the Federal Financial Crimes Enforcement Network (“FinCen”) unless the entity falls within limited exceptions. “Beneficial owners” of a reporting company, … Read more