The Corporate Transparency Act (CTA) was enacted into law as part of the National Defense Act for Fiscal Year 2021. The CTA mandates that millions of entities report their beneficial ownership information (BOI) to the Financial Crimes Enforcement Network (FinCEN).
This resource is meant to provide answers to some commonly asked questions that you may have or could be raised by clients when informing them of compliance requirements.
Related resources
Beneficial ownership information (BOI) reporting resource library — Access resources