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

Overview

Join us for a discussion on what has changed in 2024 for the CTA. This course covers the latest on the Corporate Transparency Act (CTA). We will discuss the new filing timelines, including the recent extension, and will make sense of the broadened definition of "beneficial owner". We will also discuss the ruling in Alabama that has changed things.

By the end of this, you’ll have the know-how to craft solid compliance plans that don't just check boxes but work seamlessly in the real world. Expect to leave armed with concrete tips for keeping your clients while staying away from any fines. Make sure you are up to date with the newest financial regulations.

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com.

Prerequisites

None

Objectives

• Define the core aspects of CTA compliance to safeguard client interests
• Analyze risks within CTA regulations to reduce potential client vulnerabilities
• Identify CTA-based strategies to strengthen clients & market positions
• Classify entities obligated for beneficial ownership disclosure under CTA
• Interpret the implications of new CTA filing deadlines on corporate processes
• Explain the expanded definition of ‘beneficial owner’ and its practical use
• Evaluate the Alabama court decision & effect on CTA application
• Develop compliance tactics to avoid penalties and ensure CTA adherence

Highlights

• CTA Filing Deadlines: Adapt and synchronize with the new schedules
• Beneficial Ownership Defined: Navigating the new transparency standards
• The Alabama Impact: Examining the court's influence on CTA enforcement
• Risk Management: Strategic navigation through CTA's legal framework
• Leveraging Transparency: Gaining a competitive advantage through CTA insights
• Disclosure Obligations: Clarify reporting requirements
• Corporate Configuration: Comprehend the alterations in structure
• Avoiding Sanctions: Proactive measures for CTA compliance