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Firm Highlights
Publication/Podcast
No Longer a Walk In The Park -- Entity Formation Under the U.S. Corporate Transparency Act
Click here to see an updated version of this article published on October 30, 2023. Presently, forming a corporation, LLC, or other entity in the U.S. can be done on a largely anonymous basis...
Publication/Podcast
FinCEN's CTA Reporting Regime Will Go into Effect Soon and Will Affect Almost All Startup Companies
This is an update to the August 18, 2023 article published on the Maine Venture Fund's website. The days of anonymous ownership and control of U.S. legal entities are ending soon, and nearly every...
Publication/Podcast
Corporate Transparency Act—Considerations Affecting Entities That Are Exempt or Excluded from Reporting Company Status
The Corporate Transparency Act ( CTA ) takes effect starting January 1, 2024. The Act is administered by FinCEN , a bureau of U.S. Treasury charged with combatting money laundering and other financial crimes...
News
82 Verrill Attorneys Recognized by Best Lawyers® 2024, Including 10 Named Lawyers of the Year
Publication/Podcast
No Longer a Walk in The Park - Entity Formation Under the Corporate Transparency Act (Updated)
Presently, forming a corporation, LLC or other entity in the U.S. can be done on a largely anonymous basis, without naming its owners and with only limited disclosures about managers, officers and directors. Under...
Publication/Podcast
Corporate Transparency Act regulations will go into effect soon and will affect almost all startup companies
On August 18, the Maine Venture Fund published an article by Verrill Partner Gregory Fryer, “Corporate Transparency Act regulations will go into effect soon and will affect almost all startup companies.” In the article...
News
30 Verrill Attorneys, Across Four Offices, Recognized in 2023 Chambers & Partners Guide
Publication/Podcast
FinCEN BOI Reporting Requirements in Plain English
Most private companies in the United States will soon need to disclose sensitive ownership and control information to FinCEN, a bureau of the U.S. Treasury Department. The new reporting regime arises under the Corporate...
Publication/Podcast
Determining Whether Your Entity is a Reporting Company: Selected Issues
Under the Corporate Transparency Act ( CTA ), more than 30 million “ Reporting Companies ” will need to register with FinCEN (a bureau of the U.S. Treasury Department) and file Beneficial Ownership Information...
Publication/Podcast
Who Must Be Reported as Beneficial Owners of a Reporting Company?
In 2024 the Corporate Transparency Act ( CTA ) and related CTA Rule [1] will require more than 30 million “ Reporting Companies ” to register with FinCEN , a bureau of U.S. Treasury...
