Since January 1, 2024, many legal entities operating in the United States—including domestic and foreign entities—have been considering whether to file beneficial ownership information ("BOI") reports with the Financial Crimes Enforcement Network ("FinCEN"), pursuant to the Corporate Transparency Act ("CTA").

While only new entities will be subject to reporting requirements at first, thousands of those are formed every day who will need to understand—and apply—these new regulations with limited guidance. Also, existing legal entities will need to resolve their CTA status by the end of this year. Furthermore, on the horizon are state laws like the New York LLC Transparency Act, which may further increase corporate secretarial compliance costs.

Please join this interdisciplinary panel of specialists to discuss the commercial practicalities of compliance with the CTA.