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Corporate Transparency Act

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The Corporate Transparency Act (CTA) requires any non-exempt “reporting company” to submit to a federal database information about the entity, the identities of the individuals who are its “beneficial owners,” and for reporting companies created after January 1, 2024, the person primarily responsible for creating the entity and the person who filed the formation documents with a state authority. Reporting companies will submit the required disclosures to the Treasury Department’s Financial Crimes Enforcement Network (FinCEN). The information will be housed on FinCEN’s “BOI E-Filing System,” which will be accessible to federal, state and local law enforcement agencies and, in limited form, to financial institutions and regulators.

Frost Brown Todd has a dedicated CTA Task Force closely following the important rule changes and their impact on businesses subject to the CTA. Our team can support your company in complying with these new requirements, conduct an analysis of potential reporting company exemptions and, if your company is required to register with FinCEN, assist you during the filing process. We are committed to keeping our clients apprised as the CTA takes effect and new information materializes. In addition to the resources below, you can join our mailing list to get the latest news and analysis regarding the CTA and its implications for our corporate clients.

Key Contacts

Alan K. MacDonald Profile Image
Alan K. MacDonald

Partner

Louisville, KY

John C. Krug Profile Image
John C. Krug

Partner

Cincinnati, OH

Nancy Eff Presnell Image
Nancy Eff Presnell

Partner

Louisville, KY

William T. Repasky Profile Image
William T. Repasky

Partner

Louisville, KY

Christina M. Sprecher Profile Image
Christina M. Sprecher

Practice Group Leader

Cincinnati, OH

Florence, KY

Quentin Huber Profile Image
Quentin Huber

Associate

Cincinnati, OH

Featured Insights

Explore this collection for the latest news and analysis regarding the CTA and how it impacts businesses in virtually every sector.