The Corporate Transparency Act: Everything You Need to Know

As of January 1, 2024, the federal Corporate Transparency Act (CTA) requires most companies and their beneficial owners to register with the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) by the end of the year. This new initiative aims to curb money laundering. Failure to register on time can result in severe civil and criminal penalties, making it crucial to understand your obligations.

Join attorney Russell F. Anderson for an informative webinar that will provide an overview of the CTA and explain your filing requirements.

Key Topics Covered:

• Beneficial Owners Information (BOI) Registration Requirements: Understanding which entities must register and what information must be provided.
• Exemptions: Details on the 23 categories of exemptions, including for entities that make substantial public disclosures and larger companies meeting specific criteria.
• Beneficial Owners: Defining beneficial owners and the information required for each.
• Company Applicants: Identifying the individuals responsible for formation filings.
• Penalties: Overview of the civil and criminal penalties for non-compliance.
• Reporting Deadlines: Important deadlines for existing and newly formed entities, including requirements for updating information.

Don't miss this opportunity to gain critical insights into the CTA and BOI reporting requirements and ensure your entity is prepared for compliance. Register here.