December 7, 2023

CPA Webinar Series: The Corporate Transparency Act

Holland & Knight Webinar

Tax attorneys John Bunge, Michael Scheinberg, Alan Granwell and Nicole Lamanna hosted a discussion addressing what you need to know to comply with the Corporate Transparency Act (CTA), which enters into force on January 1, 2024. The 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.

Topics covered:

  • 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

View the presentation materials »

Duration: 1:34:07

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