05 Mar 2024
Corporate Transparency Act: New Clauses for Credit Agreements
Need to comply with the Corporate Transparency Act (CTA)? Add these clauses to your credit agreement to address the requirements for the borrower and the lender to collect and review beneficial ownership information under the CTA.
Related Content
- Corporate Transparency Act Regulations and Guidance Tracker
Check out this tracker providing a summary of relevant Financial Crimes Enforcement Network proposed and final rules, regulations, and other guidance relating to the CTA.
- The Corporate Transparency Act and Beneficial Ownership Reporting Requirement
Review this practice note discussing the CTA and providing guidance on which entities must file reports under the CTA, the information to be included, which entities are exempt from filing reports, and when reporting companies must amend their previously filed reports.
- Complying with the Corporate Transparency Act Checklist
Use this checklist to determine whether a company is subject to the CTA, whether a reporting company is exempt from filing a beneficial ownership report, and which individuals are beneficial owners for reporting purposes.
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