United States:
How The New Entity Registration Requirements Under The Corporate Transparency Act Will Affect Your Business In 2024
05 February 2024
Parsons Behle & Latimer
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Effective Jan. 1, 2024, all entities organized and operating in
the United States need to comply with the Corporate Transparency
Act (CTA). This will generally require that each entity register
its "beneficial owners" with the Financial Crimes
Enforcement Network (FinCEN). In the following Utah Business
Magazine article, Ross P. Keogh discusses the parameters and
penalties of the CTA. https://www.utahbusiness.com/corporate-transparency-act/
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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