Ashleigh Taylor, an Associate in Kleinbard’s Business & Finance Practice, authored this article in The Legal Intelligencer on the impact of the Corporate Transparency Act (CTA) on law firms. While many legal practitioners are prepared to help their clients navigate the implications of the CTA, they may not be thinking of the ways it impacts their internal processes. The article explains that the most salient element of the CTA for legal practitioners is the definition of the “company applicant” and the required disclosure that this individual is mandated to provide. Understanding and interpreting this definition may force some attorneys to evaluate their practices and how they interact with their clients and will continue to be at the forefront of this evolving legal landscape.
To read the full article, click here.
