The United States Capitol stands against a sunset.

In 2021, Congress passed the Corporate Transparency Act (CTA) which will require many companies to report information about the company and its beneficial owner(s) to the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN). Regulations implementing the CTA became effective Jan. 1, 2024.

Attorney Jack Beeler explains the new regulations and what businesses need to do now in order to comply in this Porter Wright Law Alert.