Compliance tips for federal reporting requirements

Startups formed this year are now subject to the federal Corporate Transparency Act, which requires an estimated 30 million companies, regardless of formation date, to disclose up-to-date information and documentation about ownership to the Financial Crimes Enforcement Network. Fintech attorneys Ben Straughan and Steve Merrimen review the new reporting requirements and offer guidance for early-stage entrepreneurs and their companies as they work to comply.