Temporary Suspension of Corporate Transparency Act “Beneficial Ownership” Filings under Nationwide Injunction
…formation 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 Enforcement Network of the U.S. Department of Treasury has issued a pamphlet on “Beneficial Ownership Interest” disclosure requirements under the CTA. This applies to 25% owners, directors and persons in “substantial c…