Effective January 1, 2024, most new and existing corporate entities in the United States will be required to file reports on their beneficial owners with Financial Crimes Enforcement Network (“FinCEN”) under the Corporate Transparency Act (“CTA”). Beneficial owners are generally defined as individuals who own or control an entity, either directly or indirectly, which includes individuals who own 25% or more of the company, or any individuals who exercise substantial control over the entity. The reporting rules are designed to prevent financial crimes, including money laundering, corruption, and tax evasion.

Although there are numerous exemptions from the reporting requirements, many small businesses will not qualify for an exemption and will need to report information on their beneficial owners. Our featured expert Brennan Block, Attorney at BrownWinick Law Firm, will answer your questions and guide you through what you need to know about this new reporting requirement.

This FREE webinar will address:

• Who is required to report?
• What are the exemptions from reporting?
• What information is required to be reported?
• Who are beneficial owners?
• What is the deadline for filing the initial beneficial ownership report?
• How is beneficial ownership information reported?
• Is the information reported to FinCEN available to the public?
• What are the penalties for failing to report?
• Once an initial report is filed is it required to be updated?

Learn the tools and gain the confidence to handle your business’s CTA compliance.

Missed the seminar?  Download a copy of the CTA Compliance Semiar slide deck or watch the recorded seminar.