Temporary Suspension of Corporate Transparency Act “Beneficial Ownership” Filings under Nationwide Injunction
…tors, trustees and other ultimate beneficial owners of U.S. legal entities are the targets of the federal Corporate Transparency Act (CTA) of 2021. The CTA requires state and tribal governments to collect personal information through beneficial ownership reports (“BOIR”) of all legal entities established or operating under local or tribal law, effective January 1, 2024. Generally, first reports are due by December 31, 2024. The Financial Crimes En…