The Corporate Transparency Act: It's Effective – What Do I Do?

Tax attorney Alan Granwell will speak on a webinar co-hosted by STEP Miami and STEP Mid-Atlantic on the beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act (CTA). The groundbreaking legislation, effective Jan. 1, 2024, mandates that corporations, limited liability companies (LLCs) and similar entities report personal identifying information about beneficial owners to the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN). This webinar will address some of the practical questions that arise, from how to approach the BOI Reporting Rules to useful exemptions to note to how to respond when beneficial owners are recalcitrant or unreachable. The speakers will also explain privacy issues associated with the reporting requirements, incorporating CTA provisions in both new and existing documents, and when to use an outside vendor.