by Sandra Mertens | Sep 18, 2024 | GCK on Law
Under the new Corporate Transparency Act (codified as 31 U.S.C. §5336) (“CTA”), covered entities must file “Beneficial Owner Information Reports” with the U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) within 30 or 90 days after formation...
by Sandra Mertens | Sep 11, 2024 | GCK on Law
On January 1, 2021, Congress enacted the Corporate Transparency Act (codified as 31 U.S.C. §5336) (“CTA”) within the larger National Defense Authorization Act (“NDAA”). The CTA imposed new reporting and disclosure requirements on approximately 25 million existing...
by Sandra Mertens | Sep 9, 2024 | GCK on Law
New companies formed on or after January 1, 2024 are subject to the federal Corporate Transparency Act (codified as 31 U.S.C. §5336) (“CTA”) which requires information reports to be filed with the U.S. Treasury Department’s Financial Crimes Enforcement Network...
by Sandra Mertens | Aug 28, 2024 | GCK on Law
The Corporate Transparency Act (codified as 31 U.S.C. §5336) (“CTA”) imposes reporting requirements on certain entities formed and existing prior to January 1, 2024 which are due on or before January 1, 2025. Specifically, existing entities must file an “initial...
