CPA Webinar Series: The Corporate Transparency Act

Holland & Knight Webinar
Webinar, CLE Available
CPA Webinar Series: The Corporate Transparency Act
December 7, 2023
12:00 PM - 1:00 PM ET

The Corporate Transparency Act (CTA) will require certain entities – such as corporations, limited liability companies (LLCs) and other similar entities – to report to the federal government identifying information about the individuals who directly or indirectly own or control a company within scope of the new legislation.

The CTA, which enters into force on January 1, 2024, is the first ever federal legislation requiring the reporting of beneficial owners and is expected to impact more than 32 million existing businesses and over 5 million newly formed businesses per year going forward.

Please join Holland & Knight for a discussion that will address what you need to know to comply with the CTA.

Topics include:

  • Background
  • What is a reporting company?
  • What entities are out of scope?
  • What entities are exempt from reporting?
  • Who is a beneficial owner?
  • Who is a company applicant?
  • What information must be disclosed in a report?
  • What is a Financial Crimes Enforcement Network (FinCEN) identifier?
  • When are reports due?
  • What are the penalties for noncompliance?
  • What steps should one take to comply?
  • What's next?
  • Q&A Session

Continuing Legal Education (CLE)

Holland & Knight will apply for CLE credit based on attendee requests. Some programs may not be awarded CLE credits because of content or jurisdictional restrictions. CLE accreditation is sought after the completion of the program, and the approval process can be lengthy in some jurisdictions. Holland & Knight is an approved CLE provider in several jurisdictions, including California, Georgia, Illinois, New York, Pennsylvania and Texas. For New York attorneys, this program's format qualifies for CLE for transitional (newly admitted) and experienced attorneys.

Continuing Professional Education Credits (CPE)

Holland & Knight can provide certificates of attendance that may be used to obtain CPE credit for nonlegal professions such as the HR Certification Institute (HRCI) and the Society for Human Resource Management (SHRM). Attendees should follow their appropriate organization's self-application procedures.

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