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Countdown to Compliance: Navigating the CTA on November 12, 2024

PENNSYLVANIA RECORD

Sunday, December 22, 2024

Countdown to Compliance: Navigating the CTA on November 12, 2024

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Event photo | Unsplash by Jazmin Quaynor

Location

Webinar

Date & Time

Start Date: 11/12/2024

Start Time: 1:00 p.m. ET

End Time: 2:00 p.m. ET

Under the Corporate Transparency Act (CTA), entities formed or registered to do business in the United States before January 1, 2024, are required to file initial beneficial ownership reports with the U.S. Department of Treasury’s FinCEN by January 1, 2025. With the deadline looming, it is important not only for businesses to understand if they are required to file or if they are exempt from doing so, but also the steps they must take to ensure they are not exposed to potential civil and criminal penalties. Larry Laubach, Daniel Levine, and Greg Patton will discuss what businesses need to know in order to comply with the Corporate Transparency Act. Topics will include:Who is required to report and who is exempt from reportingExemption issuesWho is considered a beneficial owner and what information must be reportedRequirements for dissolved entitiesSteps reporting entities should take now CLE is approved in CA, NY, PA, TX, IL, and NV.Other jurisdictions will be applied for upon request if needed.

Original source can  be found here.

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