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MONTHLY LUNCH: CYA for the CTA 2.0: An update on Corporate Transparency Act Compliance

About this event



CYA for the CTA 2.0: An update on Corporate Transparency Act Compliance

Presented by Lisa C. Thompson


PLEASE MAKE NOTE
that this video was made PRIOR to the nationwide injunction suspending all deadlines for CTA filings on December 3, 2024. This educational video should only be used for education on how to file a Beneficial Ownership Information Report (BOIR), what it should contain and general information on the CTA. Again, as of December 3, 2024 there are no pending deadlines for compliance with the CTA and any BOIR that is filed at this time is voluntary, not mandatory.

Spoiler alert: Business that existed any time after January 1, 2024, have to comply with the CTA even if they do not exist at the end of 2024.
Despite an Alabama case declaring the CTA unconstitutional that is on appeal, there is no nationwide injunction currently, so CTA compliance is still mandatory. Civil fines are still $591/day for any violation of the CTA (failure to file a Beneficial Ownership Information Report (BOIR) or failing to correct an inaccurate BOIR). This CLE will discuss any updates to the CTA reporting requirements as well as the obligations for lawyers forming businesses for their clients after January 1, 2024.



Lisa C. Thompson at Thompson Law Group, P.C., has practiced business law for 28 years and is licensed in Arizona, California and Nevada. She focuses her practice on corporate compliance issues, all manner of business law (start-up, maintenance and reorganization) and bankruptcy law. She has been reporting to FinCEN as a Company Applicant using a FinCEN identifier.
 


(See below for any materials and Zoom link)
Shortly after the program, a recording will be on ACBC’s YouTube Channel, and ACBC’s website Resources page.




Materials

Join Zoom Meeting
https://us02web.zoom.us/j/81986677034?pwd=YW50Q2RTQzZCbGE1SVBRR2x5c2N5dz09


Meeting ID: 819 8667 7034
Passcode: 096316

Dial by phone
669-900-6833

*An ACBC Member must be present at this program in order for staff to join.

 

 

 

Date and Time

Friday, August 09, 2024, 12:00 PM until 1:00 PM

Location

https://us02web.zoom.us/j/81986677034?pwd=YW50Q2RTQzZCbGE1SVBRR2x5c2N5dz09

USA
Meeting ID:
819 8667 7034
Passcode:
096316

Event Contact(s)

ACBC Admin

Category

Monthly Lunch

Registration Info

Registration has closed - Event is past
Registration is required for CLE credit