The Corporate Transparency Act: Navigating Reporting and Compliance

There has been a longstanding effort globally and a lot of pressure on the United States to implement some sort of registry on a federal level for ownership of small and mid-sized entities. On today’s episode of “Future Focused, Sophisticated Estate Planning,” Partners Erin Nicholls and Michael Clear chat with Partner Carolyn Reers about the Corporate Transparency Act (CTA), which requires disclosure of previously private beneficial ownership, formation, and management information for certain entities to the Federal government with the purpose of detecting and, ultimately, preventing money laundering and terrorist activities using these entities.Be sure to tune into this episode to learn how the CTA has dramatically changed the landscape of small to mid-sized business reporting in the United States and do not hesitate to contact your Wiggin and Dana Private Client Services attorney with any questions.