May 8, 2023

Commercial Observer

The Corporate Transparency Act (CTA), which takes effect January 1, 2024, will create mandatory paperwork for virtually every company in commercial real estate.

In a feature for the Commercial Observer, Stroock Partners Bradley Kulman and Karen Scanna discuss what companies can expect once the CTA becomes law.

In a question-and-answer format, they cover:

• The Corporate Transparency Act, its main purpose and important deadlines.
• The requirements companies will need to adhere to and the penalties for those who don’t comply.
• How a company can determine if they are exempted.
• How affected companies should prepare for this, particularly those that have complex organizational structures.
• How newer companies that are just forming can position themselves to handle all of the reporting requirements.

Read the full article here. (Subscription Required)

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