On September 29, 2022 FinCEN issued the final rules for beneficial ownership reporting under the Corporate Transparency Act. Please see the earlier blogs regarding the CTA and I will post a series of blogs regarding the new rules.

The effective date of the regulations for reporting is January 1, 2024. No reports can be filed before January 1, 2024. Entities created after January 1, 2024 will have 30 days after their formation to file their beneficial owners’ information. Entities created before January 1, 2024 will have until January 1, 2025 to file the beneficial owners’ information.

Trev E. Peterson