Originally published October 2023, updated January 2024. The Corporate Transparency Act (CTA) was enacted on Jan. 1, 2021, and requires new beneficial ownership reporting for U.S. and.
The Corporate Transparency Act (CTA) was enacted on Jan. 1, 2021, and will require new beneficial ownership reporting for U.S. and foreign companies. Reporting requirements under 31.
The Corporate Transparency Act (CTA) will be effective on Jan. 1, 2024. For the first time, the United States now will require certain legal entities to report to the federal government.
It is more common for this structure to be used on closed-end funds, as the finite term and lack of redemption rights correspond well to a note with a fixed maturity.