Ashleigh Taylor, an Associate in Kleinbard’s Business & Finance Practice, authored this article in The Legal Intelligencer on the importance of taking a look at operating and shareholder agreements as a part of complying with the new Corporate Transparency Act (CTA) requirements. Under the CTA, companies must submit beneficial ownership information to FinCEN and it is essential that all governance documents are updated to ensure accurate and timely disclosures from equity holders. Ashleigh explains that these documents should include both incentives and penalties for compliance so that businesses can adhere to the letter of the law while fostering a culture of transparency and accountability.
To read the full article click here.
