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What You Need to Know About Beneficial Ownership Reporting

By Matthew Dochnal October 3, 2022
Financial Crimes Enforcement Netowrk website homepage.

The Financial Crimes Enforcement Network (FinCEN) has issued a final rule for creating a beneficial ownership registry pursuant to the Corporate Transparency Act (CTA). The rule requires most corporations, limited liability companies (LLCs) and other entity types to disclose information about their beneficial owners.       According to FinCEN, a beneficial owner is any […]

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What does a Series LLC Have to Do Under the Corporate Transparency Act?

By IncNow June 25, 2021
Corporate Transparency Act

In April 2021, the Financial Crimes Enforcement Network (FinCEN) issued an Advance Notice of Proposed Rulemaking to solicit public comment on a wide range of questions related to the implementation of the beneficial ownership information reporting provisions of the Corporate Transparency Act (CTA). IncNow provided four responses. The first response addressed the Series LLC and […]

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