Close this search box.

Important Client Advisory: Corporate Transparency Act

The Corporate Transparency Act was enacted to combat money laundering, fraud, and other illicit activities by increasing transparency in corporate ownership. Under this law, certain corporations and limited liability companies (LLCs) are now obligated to disclose their beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN). Beneficial ownership includes any individual who directly or indirectly controls an entity or who owns or controls 25% or more of equity of the entity…

Read the rest of this article on Shulman Rogers.

Share on: