Corporate Transparency Act
On March 21, 2025, the Financial Crimes Enforcement Network (“FinCEN”) issued an interim final Beneficial Ownership Information Rule, limiting the reporting requirements of the Corporate Transparency Act to foreign reporting companies only. Contact us if you have a foreign entity that may need to report.
State-level Corporate
Transparency Reporting
New York’s LLC Transparency Act, which includes reporting requirements similar to the original federal Corporate Transparency Act, is set to take effect on January 1, 2026. Check back for updates on how to comply with this new state-level corporate transparency legislation as we near the turn of the year.
Other states are considering passing their own versions of the Corporate Transparency Act. We are closely monitoring these developments and will be ready to service corporate transparency reporting needs as they arise.
