U.S.-formed Entities Are Exempt from Business Ownership Interest Reports under Corporate Transparency Act
U.S.-formed Entities Are Exempt from Business Ownership Interest Reports under Corporate Transparency Act On March 21, 2025, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) adopted an interim final rule that all entities created in the United States — including those previously known as “domestic reporting companies” — and their beneficial owners are now exempt from the Corporate Transparency Act (CTA) requirement to…