Beginning January 1, 2024 a brand-new requirement has landed on the desks of many business owners. As part of the Corporate Transparency Act (CTA), business entities are now required to report information about their beneficial owners to FinCEN to help combat money laundering and other illegal activities. Additionally, the law provides harsh penalties for the failure to report the required information. This seminar will feature a detailed explanation of the new CTA to help guide you through the process..

Topics & Learning Objectives Include:

• Reporting Requirements: Reporting Company, Beneficial Owners, Company Applicants
• Personal Identifying Information (PII)
• Reporting vs. Exempt Companies
• Impending Deadlines
• Penalties and Enforcement
• BOSS Access: Law enforcement, Financial Institutions
• Derivative State Transparency Initiatives