Beneficial Ownership Disclosure: What Is It and Why Should You Care
The Corporate Transparency Act requires certain “Reporting Companies” to report “Personally Identifiable Information” associated with their “Beneficial Owners” to the Financial Crimes Enforcement Network (“FinCEN”). Congress passed this law because Congress thought the reporting process would help criminal, money laundering, fraud, tax, and terrorism investigations. Reporting Companies Reporting Companies include corporations, limited liability companies, and […]
