US Corporate Transparency Act misconceptions persist

10 Oct 2024News

Research reveals legal professionals' misunderstandings about the Corporate Transparency Act but expect positive business impacts

A recent study commissioned by CSC, a leading provider of global business administration and compliance solutions, highlights significant knowledge gaps regarding the Corporate Transparency Act (CTA) among senior in-house legal and compliance executives. Despite these misconceptions, the majority of professionals surveyed anticipate the CTA will have a positive impact on business and trade.

Download this article as a PDF

To read more and access exclusive legal insights, subscribe to the Solicitors Journal today.

Unlimited access to over 16,000 articles on a wide range of legal topics
Monthly editions available in print and online
Access to our archive of past editions
Available for personal access or in bulk for organizations

Subscribe Now

Have a subscription?

Latest Articles

New sanctions target corrupt actors abroad

The UK government has intensified its campaign against corruption and illicit finance with new sanctions aimed at corrupt actors undermining democratic governments in Eastern Europe, particularly focusing on Moldova, Georgia, and Guatemala.

Infant formula market study: CMA publishes final report

Eloise Robson, a Lawyer at Clifford Chance, discusses the findings and recommendations put forward following the UK regulator’s study of the infant formula market

UK legal firms gain traction in USA

A delegation of UK lawtech experts has showcased British innovation and AI-driven services in the USA

Court denies anti-suit injunction appeal

The Court of Appeal ruled on anti-suit injunctions related to arbitration, providing clarity on jurisdictional complexities

Condominium owners must understand responsibilities

The recent Privy Council ruling clarifies condominium owners’ obligations and the legal framework governing property management agreements

Court of Appeal rules on immigration rights

The recent Court of Appeal judgment on immigration law highlights the challenges faced by refugees seeking safety

Judgment overview of medical misconduct

The case of General Medical Council & Anor v James Gilbert highlights significant issues of medical misconduct involving sexual harassment and racial comments

Solicitor fined for breaching conduct rules

Imtiaz Ali Ameen, a solicitor in Dewsbury, has been fined for misconduct over a client loan

Downing Street hosts vital talks on safety

The Prime Minister engaged with creators and charities to discuss protecting young people from harmful influences

Minimum standards established for pub tenants

The six regulated pub companies have established new minimum standards to support tenants on short agreements

Regulators urged to address access crisis

A report highlights urgent action needed from legal services regulators to resolve unmet legal needs

Court rules on service charges case

Recently, the Court of Appeal clarified the enforceability of service charges between landlords and tenants in a landmark case.

Judgment clarifies ransomware's legal implications

The recent court ruling in HCRG Care Limited v Persons Unknown highlights the complex interplay between data protection and cyber threats in healthcare

Commorientes and joint tenancies

Mark Pawlowski examines the statutory presumption of survivorship under s.184 of the Law of Property Act 1925 and its potential for unfair outcomes in cases of simultaneous or uncertain deaths

Celebrating the UK’s best paralegals

The National Paralegal Awards invite entries to honour exceptional paralegals and their significant contributions across the UK

SJ Interview: Lord David Neuberger

For the April 2025 volume, Lord David Neuberger speaks to the Solicitors Journal

The Arbitration Act 2025: fab or fail?

Justin Weare, a Partner at Blake Morgan, asks whether the reforms to be introduced by the Arbitration Act 2025 will have a significant impact