Agricultural | Hazen Law Group LLC

ESTATE PLANNING • ELDER CARE & DISABILITY PLANNING

Agricultural businesses have likely heard of the Corporate Transparency Act (CTA). The CTA contains new reporting requirements imposed by the United States Treasury Financial Crimes Enforcement Network (FinCEN) obligating small businesses to divulge all “beneficial owners” that have a 25% ownership interest or more or exercise control in the entity and to keep such information up to date with FinCEN.

FinCEN Update

March 13, 2024

Agricultural businesses have likely heard of the Corporate Transparency Act (CTA). The CTA contains new reporting requirements imposed by the United States Treasury Financial Crimes Enforcement Network (FinCEN) obligating small businesses to divulge all “beneficial owners” that have a 25% ownership interest or more...