Update Regarding the Corporate Transparency Act

In this episode, we discuss the latest update on the Corporate Transparency Act (CTA) and what it means for businesses. The U.S. Department of the Treasury has announced changes to the enforcement of beneficial ownership reporting requirements, including a delay in penalties and a narrowed scope focusing on foreign entities. We also break down key deadlines and what companies need to know to stay compliant. Tune in for essential insights from Brach Eichler’s legal team.

Additional information can be found on FinCEN’s website.

If you have any questions about this article, please contact any of the attorneys listed below or your usual Brach Eichler contact person.

John D. Fanburg, Managing Member and Chair, Healthcare Law Practice, at jfanburg@bracheichler.com or 973-403-3107

Edward Hilzenrath, Member, Healthcare Law Practice, at ehilzenrath@bracheichler.com or 973-403-3114

David L. Tsin, Counsel, Corporate Transactions & Financial Services Practice, at dtsin@bracheichler.com or 973-364-5237

*This is intended to provide general information, not legal advice. Please contact the authors if you need specific legal advice.