Will Hanson and Ida Vanto's client alert, "Corporate Transparency Act: Complying with Beneficial Ownership Rules," was published in Westlaw Today [sub. req'd] on December 18, 2023.

The article discusses compliance, reporting requirements and exemptions for businesses under the new Corporate Transparency Act (CTA), which goes into effect on January 1, 2024. The new CTA will impose new reporting obligations that require entities (LLCs, corporations, partnerships, etc.) formed in or doing business in the United States to report their beneficial ownership information to the U.S. Department of the Treasury's Financial Crimes Enforcement Network.