Beneficial Owner Reporting Required by Section 6403 of the Corporate Transparency Act
Effective January 1, 2024, Section 6403 of the Corporate Transparency Act (the CTA), as implemented by regulations published at 31 CFR 1010.380 (the “Reporting Rule”), requires many entities, unless they are exempt, to file information about their beneficial ownership with the Financial Crime Enforcement Network (FinCEN), a bureau within the U.S. Department of Treasury. An…