Corporate Transparency Act: Steps to Take in 2023

Speakers: Martin M. Shenkman, Esq. and Jonathan G. Blattmachr   The Corporate Transparency Act (CTA) takes effect January 1, 2024. Every new entity will have to file information with FinCEN and if not face severe penalties. By 2025 all reporting entities will have to file. It is estimated that 32 million entities will have to report beneficial ownership information (BOI) on owners and those with substantial control. This video clip provides practical information on steps to take now in light of these developments. Should entities be dissolved? Should legal documents be modified to change control persons or persons with substantial control? Handouts One Slide Per Page