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ARTICLE · 29 JULY 2024

FinCEN Confirms The CTA Does Not Require Disregarded Entities To Obtain An EIN

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On July 24, 2024, FinCEN updated its Corporate Transparency Act FAQ section to confirm that disregarded entities may use their parent's Employer Identification Number when filing Beneficial Ownership Reports.

United StatesCorporate/Commercial Law
Leon H. Rittenberg III
Leon H. Rittenberg III
Kevin Naccari, Jr.
Kevin Naccari, Jr.
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On July 24, 2024, FinCEN updated its Corporate Transparency Act FAQ section to confirm that disregarded entities may use their parent's Employer Identification Number when filing Beneficial Ownership Reports. “If the disregarded entity does not have an EIN, it is not required to obtain one to meet its BOI reporting requirements so long as it can instead provide another type of TIN[.]” FinCEN Beneficial Ownership Information Frequently Asked Questions F.13.

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