Stockholders Agreement: Corporate Transparency Act Beneficial Ownership Compliance (Long Form) | Practical Law

Stockholders Agreement: Corporate Transparency Act Beneficial Ownership Compliance (Long Form) | Practical Law

A long-form Standard Clause that can be used in the stockholders agreement of a US corporation that is a reporting company under the Corporate Transparency Act (CTA). This Standard Clause requires the reporting company's stockholders to report to the corporation information about themselves or, if they are entities, about their direct or indirect owners who are individuals to enable the corporation to satisfy its beneficial ownership information reporting obligations under the CTA. This Standard Clause has integrated notes with important explanations and drafting and negotiating tips.

Stockholders Agreement: Corporate Transparency Act Beneficial Ownership Compliance (Long Form)

by Practical Law Corporate & Securities
MaintainedUSA (National/Federal)
A long-form Standard Clause that can be used in the stockholders agreement of a US corporation that is a reporting company under the Corporate Transparency Act (CTA). This Standard Clause requires the reporting company's stockholders to report to the corporation information about themselves or, if they are entities, about their direct or indirect owners who are individuals to enable the corporation to satisfy its beneficial ownership information reporting obligations under the CTA. This Standard Clause has integrated notes with important explanations and drafting and negotiating tips.