
Venture Capital Fund Beneficial Ownership Information Reports – What investment funds need to know about FinCEN and the corporate transparency act
Venture capital and investment fund managers need to be intimately familiar with the corporate transparency act and the related beneficial ownership reports that investment funds will need to file beginning in January 2024. Fund managers can face criminal penalties for failing to disclose themselves, other decision-makers, and limited partners with 25% or more ownership of the partnership entity on FinCEN’s