March 6, 2024

The Corporate Transparency Act and Its Impact on Private Client Transactions

Holland & Knight Webinar

Holland & Knight's Corporate Transparency Act Team hosted an informative presentation on the rules and issues that have risen in the private client area related to the Corporate Transparency Act (CTA). 

Topics Covered:

  • How to deal with the Beneficial Ownership Information (BOI) Reporting Rules for private clients
  • How to determine Beneficial Owners when a structure includes a trust
  • Useful exemptions: private trust company, large operating company, subsidiary rule, etc.
  • What to do when beneficial owners are recalcitrant or unreachable
  • When is a senior officer liable for penalties?
  • Financial Crimes Enforcement Network (FinCEN) identifiers for individuals and when should they be used?
  • Privacy issues and agreements between reporting companies and beneficial owners
  • Incorporating CTA provisions in documentation, including trusts, wills, LLC agreements and employment agreements
  • When should an outside vendor be used?
  • The proposed FinCEN transparency rules for residential real estate

Duration: 1:05:24

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