Insights

The Corporate Transparency Act (“CTA”) has arrived, ushering in a new era for Reporting Companies. This landmark legislation mandates crucial changes, making swift and accurate compliance a top priority. Entities must be proactive, with compliance deadlines varying based on their formation date. Deadlines: Entities formed during 2024 have a 90-day…

We welcome Shehata & Partners (Egypt) and Zacarías & Fernández (Paraguay) as our newest member firms! Established in 1996 in Cairo, Shehata & Partners has 22 lawyers and provides dispute resolution and corporate legal services in Egypt and across the MENA region. Recognized by Chambers Global and The Legal 500, the firm has deep expertise in the banking and…

Although there are various categories of entities exempt from reporting to FinCEN, as discussed in Part 3 of this blog series titled, “Entities Exempt from Reporting to FinCEN under the Corporate Transparency Act,” it is unlikely the exemptions will be as frequently applicable to small businesses or real estate holding…

As discussed in Part 1 of this blog series titled, “The Corporate Transparency Act’s Implications,” there are various exemptions as to which types of businesses do not have to report to FinCEN under the Corporate Transparency Act (CTA). The following twenty-three business types are exempt from being considered “reporting entities”…