Corporate Transparency Act
December 6, 2023
In this video, Brendan Snowden, an attorney in the corporate and finance group, and Elizabeth Falkoff, an attorney in the private clients group, discuss recent regulations implementing the Corporate Transparency Act. The Act, which became law on January 1, 2021 as a part of the Anti-Money Laundering Act of 2020, requires most companies, including LLCs and corporations, to report information about the company and its controlling owners beginning January 1, 2024. This presentation provides an overview of the filing requirements with a focus on the impact of reporting requirements on trust administration. This presentation provides an overview of the filing requirements with a focus on the impact of reporting requirements on trust administration.