Beginning Jan. 1, 2024, the federal Corporate Transparency Act (CTA) requires
certain privately held corporations, limited liability companies and other
registered entities to report their ownership to the Federal Crimes Enforcement
Network (FinCEN). This law may change how we advise our clients regarding entity
formation and private holding companies. As attorneys who form entities for
clients, our personal information may be reported to FinCEN, and some law firms
may be reporting entities.
This presentation will provide an overview of the law, focusing on issues
such as:
- Defining terms such as reporting companies'
beneficial owners and company applicants
- Explaining the reporting process
- Addressing civil and criminal penalties for failure
to report
- Providing advice on how to prepare for the implementation of this
regulation
This webinar was hosted using Zoom.
Faculty:
Jennifer Flanagan, Esq., Program Co-chair
Mirick, O'Connell, DeMallie & Lougee LLP, Worcester
Ruth Mattson, Esq., Program Co-chair
Verrill Dana LLP, Boston
Luke Bean, Esq., Moderator
Rico, Murphy, Diamond & Bean LLP, Natick
David Parke, Esq., Panelist
Bulkley, Richardson & Gelinas LLP, Springfield
Marissa Soto-Ortiz, Esq., Panelist
Secretary of the Commonwealth-Corporations Division, Boston
Alan Stachura, Panelist
Wolters Kluwer, Philadelphia