The Corporate Transparency Act: July and September 2024 Update to the Beneficial Ownership Information Frequently Asked Questions

Corporate Transparency Act, Business and Corporate, Arizona Laws

In July and September 2024, FinCEN provided some additional guidance on the Corporate Transparency Act (“CTA”) by updating its Frequently Asked Questions web page related to beneficial ownership information report filing obligations of terminated, administratively dissolved and disregarded entities, and clarifying the contents of such beneficial ownership information report filings.  Below is a brief summary…

The Corporate Transparency Act – A Series of the Latest Updates for Reporting Companies

Arizona Laws, Corporate Transparency Act, Business and Corporate

The effective date of the Corporate Transparency Act and its corresponding rules promulgated by FinCEN was January 1, 2024.  In January 2023, we published an article that discussed the intent and importance of the CTA (available here).  The CTA may be a landmark piece of legislation that reshapes how certain entities report and disclose information…