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This article starts with:

“The Corporate Transparency Act (“CTA”) was enacted as part of the Anti-Money Laundering Act of 2020. The purpose of the CTA is to deter anonymous owners of corporations, limited liability companies, and other entities from facilitating illicit activity such as money laundering, financing terrorism, tax fraud, and acts that would harm national security interests.  The CTA requires the Financial Crimes Enforcement Network (“FinCEN”), a unit of the Treasury Department, to maintain a national registry of “beneficial ownership” information collected from certain “reporting companies.”

Richard Keyt

Richard Keyt is an Arizona business law attorney who has formed 8,000+ Arizona limited liability companies and 350+ nonprofit corporations. Richard is also very knowledgeable about the CTA. His LLC website is https://azllc.com and his nonprofit corporation website is https://www.aznonprofitcorp.com/. Contact Richard at 480-664-7478 or [email protected].