Overview
The Corporate Transparency Act (CTA) requires that all entities that are registered or that conduct business in the U.S. report their beneficial owners to FinCEN beginning Jan. 1, 2024. Civil and even criminal penalties will be levied for willful failure to report under the CTA.
With some exceptions, any entity registered to do business or organized with a U.S. state or Native American Tribe, must comply with the CTA, including corporations, LLCs, LLPs, LLLPs, LPs, non-profit corporations and business trusts as well as any other entity that is created by the filing of a document with the Secretary of State or Native American Tribe. To learn more about the Corporate Transparency Act, download Parsons executive summary here.
Parsons Behle & Latimer has a multidisciplinary team with in-depth knowledge of the CTA that can quickly and efficiently assist clients in reporting and provide associated maintenance under the CTA through an integrated web-based interface. You can contact our team by adding your information to the form below.
