The Corporate Transparency Act goes into effect on January 1, 2024. The new law requires “beneficial owners” of businesses to report their information to FinCEN. Failure to do so in a timely manner is punishable by daily fines and possible jail time.
Law 4 Small Business Attorney Larry Donahue will be hosting this webinar in conjunction with Albuquerque SCORE.
About the free Webinar:
Whether you’re considering starting a business or are already a business owner, you need to be aware of The Corporate Transparency Act (CTA), which introduces new compliance requirements for small businesses in 2024.
In this webinar, we’ll break down the key provisions of the CTA, the purpose of this new law and how it might impact your business. We’ll also guide you through the compliance requirements and reporting procedures to ensure you meet the deadlines.
Learning objectives:
- What is the Corporate Transparency Act, and who must comply
- What, how and when is Information to be Reported?
- Preparing for compliance and penalties for non-compliance
- What is the impact on Small Businesses
Live attendees will receive free business resources and a link to this webinar recording.
Register for the Webinar here: https://www.score.org/event/corporate-transparency-act-what-small-businesses-need-know
Want to learn more about the CTA, Beneficial Owners, and FinCEN? Access our blog here.
Want to talk to an attorney? Consult with licensed attorney trained on FinCEN’s BOI reporting requirements under the Corporate Transparency Act and get all of your questions answered today!
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