In the News

3/2021

Reporting Beneficial Owners of Certain US Companies: Observations Relevant to Private Client Structures

  • picture of Severiano E. Ortiz
    Severiano E. Ortiz
  • picture of Jennie Cherry
    Jennie Cherry

This article is the second part to our previous article, Reporting Beneficial Owners of Certain US Companies: Details of the New Corporate Transparency Act. This article considers aspects of the Act as applied to private client structures, such as the broad definition of ‘beneficial owner’ when applied to trusts, privacy concerns, and further compliance responsibilities that may be of interest in the context of family succession planning structures that include entities established under the law of a U.S. state. International Law Office (ILO) publication. March 11, 2021. Download

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