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Update on the Corporate Transparency Act and Recent District Court Ruling

Co-Author: John Koechel The Corporate Transparency Act (“CTA”), passed in January 2021, aims to combat money laundering, terrorist financing, and other illicit activities by requiring certain companies to disclose specific information about their beneficial owners to the Financial Crimes Enforcement Network (“FinCEN”). In response to the passage of the CTA, the National Small Business Association … Continue Reading

Corporate Transparency Act: What is it and what should I know?

Co-Author: John Koechel INTRODUCTION In the ever-evolving landscape of legislative initiatives, the passage of new laws is a commonplace occurrence. The enactment of a new federal law often results in minimal impact on most individuals, typically not necessitating any specific actions on their part. The passage of the federal Corporate Transparency Act (“CTA”) is one … Continue Reading

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