The Corporate Transparency Act ("CTA") is a new U.S. federal law requiring most U.S. corporations, LLCs, and other entities, as well as similar non-U.S. entities registered to do business in the U.S., to report their beneficial ownership to the U.S. government.1 These requirements are detailed, burdensome, and involve the disclosure of personal information, and, therefore, compliance will impose a cost to reporting companies and result in the erosion of the traditional anonymity afforded to...
