<description>&lt;p&gt;The U.S. Corporate Transparency Act (CTA) and its new reporting regime take effect on January 1, 2024. In this episode of Committed Capital Sidecar, private equity partners &lt;b&gt;Sarah Kupferman &lt;/b&gt;and &lt;b&gt;Greg Schernecke&lt;/b&gt; provide an update on its implementation. The CTA’s rules will impact corporations, LLCs, partnerships and other entities and vehicles that exist on January 1, 2024, or are created or registered to do business thereafter in the U.S.  The regime requires applicable reporting companies to report certain beneficial ownership information to FinCEN.  London private equity partner &lt;b&gt;Chris Field&lt;/b&gt; joins the conversation to discuss the UK and EU’s respective pre-existing beneficial ownership reporting regimes and what can be gleaned from looking at these analogs to the CTA. &lt;br/&gt;&lt;br/&gt;&lt;/p&gt;</description>

Committed Capital

Dechert LLP

Sidecar: The Corporate Transparency Act - Implementation Update

SEP 11, 202315 MIN
Committed Capital

Sidecar: The Corporate Transparency Act - Implementation Update

SEP 11, 202315 MIN

Description

The U.S. Corporate Transparency Act (CTA) and its new reporting regime take effect on January 1, 2024. In this episode of Committed Capital Sidecar, private equity partners Sarah Kupferman and Greg Schernecke provide an update on its implementation. The CTA’s rules will impact corporations, LLCs, partnerships and other entities and vehicles that exist on January 1, 2024, or are created or registered to do business thereafter in the U.S.  The regime requires applicable reporting companies to report certain beneficial ownership information to FinCEN.  London private equity partner Chris Field joins the conversation to discuss the UK and EU’s respective pre-existing beneficial ownership reporting regimes and what can be gleaned from looking at these analogs to the CTA.