Our partners at Messner Reeves have provided important information about a new requirement by the Federal Government.

Effective January 1, 2024, many companies in the United States must report information about their beneficial owners—the individuals who ultimately own or control the company—to the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury. Filing is simple, secure, and free of charge. Beneficial ownership information reporting is not an annual requirement. Unless a company needs to update or correct information, a report only needs to be submitted once.

CCA Members can access an informational guide on our Member Only Page – look for 2024 Corporate Transparency Act