Navigating the Corporate Transparency Act and its Impact on LA Real Estate EntitiesFebruary 5, 2024 – Article
The Firm's Corporate Transparency Act Committee authored, "Navigating the Corporate Transparency Act and its Impact on LA Real Estate Entities" in Los Angeles Business Journal.
The majority of commercial real estate in the Los Angeles area is acquired, owned, financed, leased and operated through the use of an entity, such as a limited liability company, corporation or limited partnership.
There are many reasons for holding real estate assets this way, including commercial lender requirements, limitations on liability for interest owners, privacy concerns and tax advantages. However, the entity shield that may protect and obscure the beneficial owners of a real estate asset has created an opportunity for bad actors engaging in money laundering and other financial crimes.