NOTICE: New Federal Corporate Transparency Act (CTA) Reporting of Beneficial Ownership Starting January 1, 2024
Beneficial ownership reports must be filed with the Financial Crimes Enforcement Network (FinCEN), a bureau within the U.S. Department of Treasury.
The CTA includes significant reforms to anti-money laundering laws and is intended to help prevent and combat money laundering, terrorist financing, corruption, and tax fraud. The CTA establishes a beneficial ownership reporting requirement for corporations, limited liability companies, and other similar entities formed or registered to do business in the United States.
It is important for all domestic and foreign entities doing business in the U.S. to ensure compliance to avoid liability and penalties for violations. We recommend all business owners review the new reporting requirements and, if necessary, adopt policies and procedures to ensure ongoing compliance and meet with your accountant or attorney to discuss the new law and how it affects you.
For more information:
Download the Beneficial Ownership Information Brochure
Visit our Frequently Asked Questions page.
PLEASE NOTE: All business entity information filed with our office is public record and is available online.