Event Overview
If your company is an entity formed under state law, such as an LLC, LLP, corporation, etc., you could be affected by the Corporate Transparency Act (CTA). In an effort to counter certain illicit activities, this act mandates new federal beneficial ownership disclosures for certain companies.
Starting January 1, 2024, companies considered to be “reporting companies” will be required to file reports with Financial Crimes Enforcement Network (FinCEN) to identify the company’s beneficial owners. There are numerous exemptions to the act that could mean your company is not affected. However, it is important to ensure proper knowledge of the CTA as accounting firms and other tax return preparers are generally not responsible for any client FinCEN filings and failure to comply may result in financial and possible criminal penalties.
Join us as we discuss what you need to know regarding the CTA and how to comply.
10-11 a.m. PDT
- Define the Corporate Transparency Act (CTA) and what it could mean for your company.
- Identify who is considered a reporting company as well as who is exempt.
- List what information must be reported if deemed a reporting company.
- Discuss some of the possible penalties for failure to comply.
- CPE Credits1
- Field Of StudySpecialized Knowledge
- Level Of KnowledgeBasic
- Delivery MethodGroup-Internet Based