The Corporate Transparency Act - What You Need to Know to Protect Your Client

Overview

The Corporate Transparency Act requires mandatory disclosure of the beneficial owners of existing and newly formed entities. This legislation imposes new compliance requirements for existing business entities.  Knowledge of this legislation and the new reporting requirements is critical for any person involved in the creation of a new business entity or advising existing business entities. More importantly, advisors must be aware of the new reporting requirements to prevent the imposition of harsh penalties.  This course will provide the attendee with both knowledge of the legislation and knowledge of the exceptions to the legislation. 

Prerequisites

None

Objectives

• To provide participants with a complete understanding of the Corporate Transparency Act and how to use such knowledge to properly advise their clients.

Highlights

• Identify the applicability of the Corporate Transparency Act to an advisor’s clients
• Understanding which entities are now required to disclose owner information
• Understand the reporting requirements of the Corporate Transparency Act
• Understanding what entities are subject to the exceptions to the Corporate Trenchancy Act
• Understanding the penalties for noncompliance
• Understanding the final rules and regulations that were recently established