Corporate Transparency Act (CTA) Resource Center
The Corporate Transparency Act became effective on January 1, 2024. As a result, for the first time, certain businesses will now be required to report information about their ultimate beneficial owners to the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN).
To keep our clients updated on this evolving regulatory regime, including the newly effective beneficial ownership reporting requirements, and additional information, Morrison and Foerster has created this Corporate Transparency Act Resource Center featuring client alerts, links to FinCEN resources, and additional CTA-related content. Morrison and Foerster has assembled a team of lawyers who stand ready to assist clients with questions regarding their obligations to report beneficial ownership information.
Featured Resources
- Client Alert
The Corporate Transparency Act: Access Rules
Going into effect on February 20, 2024, CTA’s Access Rule sets the parameters for accessing the database, circumscribes the purposes for which BOI may be used, and establishes standards for safeguarding BOI.
- Client Alert
Corporate Transparency Act in a Nutshell
Read our one-page nutshell containing background information and key details of the Corporate Transparency Act.
- Client Alert
FinCEN Publishes Final Rule for the Use of FinCEN Identifiers to Report Beneficial Ownership Information of Entities
Amending the BOI Rule, FinCEN’s Final Rule specifies the circumstances in which an entity FinCEN identifier may be used instead of individual beneficial owner information.
- Client Alert
Who Owns and Controls Your Real Estate Entity? FinCEN Wants to Know
This alert addresses general requirements of the Final Rule and common questions related to its effects on the real estate industry.
- Client Alert
Beneficial Ownership Information: A Final Rule
Read for background and key details on the final rule issued by FinCEN implementing beneficial ownership requirements for certain U.S. and foreign entities registered to do business in the United States, as mandated by the Corporate Transparency Act.
Instructions for Completing a Beneficial Ownership Information Report
