The Corporate Transparency Act (CTA) is a federal law that requires many business entities to disclose information about their business ownership to the Financial Crimes Enforcement Network (FinCEN). The CTA was enacted to prevent and combat money laundering, tax fraud, and corruption, and became effective on January 1, 2024.
This lunch hour complimentary webinar will provide helpful guidance for both small businesses with simple ownership structures who will likely handle reporting inhouse, as well as larger and more complex entities who might benefit from assistance from an external resource.
The program agenda includes a review of key points of the CTA and helpful pointers to ensure legal compliance for businesses with reporting requirements. Greenbaum partner Fay L. Szakal, who focuses her practice on corporate, real estate and healthcare transactions and supports the firm’s clients regarding their compliance obligations, if any, under the CTA , will address the following topics during this presentation:
- Overview of the CTA: background, purpose, requirements, compliance deadlines
- Does my business entity have to report?
- Who does “beneficial owners” refer to?
- What does “substantial control” mean?
- Beneficial Ownership Secure System (BOSS) Reporting: a guided tour of the regulatory framework for reporting
- Avoiding violations/penalties
Learn more about our speaker:
Fay L. Szakal
Partner, Corporate, Healthcare and Real Estate Departments
fszakal@greenbaumlaw.com
732.476.3204
If you were unable to attend, please view the Program Recording.