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Corporate Transparency Act

The Corporate Transparency Act (CTA) originally laid out extensive reporting requirements for nonexempt companies regarding their beneficial owners and company applicants. After years of uncertainty, the Financial Crimes Enforcement Network (FinCEN) issued a final rule on August 11, 2026, permanently ending BOI reporting requirements for U.S. domestic companies. The relief is real, but it is not universal, and New York’s LLC Transparency Act imposes separate obligations.

Troutman Pepper Locke’s CTA attorneys analyzed the final rule and what it means for businesses.

If you have questions about whether your organization still has CTA obligations, contact our team. Troutman Pepper Locke is closely tracking developments regarding the CTA and similar proposed statutes.

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