CTA & Tax-Exempt Entities
Meeting exemption requirements can be complicated for nonprofits
Under the Corporate Transparency Act (CTA), millions of U.S. business must provide beneficial ownership information to the federal government in a FinCEN-maintained database. While many types of entities are exempt, they are generally those in regulated industries, meaning they likely already report this information to the government.
Meeting exemption requirements can be complicated for nonprofits
List of exceptions to beneficial ownership is long — but complicated
Nearly 33 million U.S.-based business entities are obligated to file beneficial ownership reports with FinCEN under the Corporate Transparency Act ...
Data protection struggles amid cloud & AI expansion
With some exceptions, companies should assume they need to report beneficial ownership
OFAC launches public-facing sanctions database
Companies formed at the start of 2024 face fast-approaching deadline
As the calendar rolled over into 2024, a new reporting obligation went into effect for millions of American companies, the ...
An AI frenzy. An anti-ESG backlash. New rules from the SEC and updated guidance from the DOJ. All while minding ...
Empire State lawmakers aim to lift veil of corporate anonymity in fight against money laundering
New regulations will require companies to report accurate and up-to-date beneficial ownership information to the U.S. government. Keeping track of ...
Popular among Web3.0 companies, decentralized autonomous organizations, or DAOs, lack many of the traditional elements of legal business entities. But ...
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