WEBINAR Part I: Business Owners & Investors: How Corporate Transparency Act will affect you, Co-hosted by Rose Law Group and Splaver & Splaver.

Wednesday, August 09, 2023

WEBINAR Part I: Business Owners & Investors: How Corporate Transparency Act will affect you, Co-hosted by Rose Law Group and Splaver & Splaver.

The Corporate Transparency Act requires a broad range of entities to file a report with the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) identifying those who own, control and formed the company.Jun 12, 2023

Organized Crime and Corruption Reporting Project

FinCEN Begins Making Rules For Corporate Transparency Act

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WEBINAR Part I: Business Owners & Investors: How Corporate Transparency Act will affect you, co-hosted by Rose Law Group and Splaver & Splaver.

Calling all business owners… investors, LLC, Corporations, etc. with less than 20 employees!

The clock is ticking, and an essential new law is on the horizon, poised to directly influence your business.

This is the first session in a series of presentations, with this first session focusing on all small businesses (industry agnostic). Future presentations will focus on specific industries such as, for example, Cannabis, Real Estate, etc.

Join us for an urgent and informative session where we unpack the implications of this new law and provide you with actionable steps to ensure compliance.

Learn which types of businesses fall under its scope
Uncover any potential exemptions that might apply to your enterprise
Understand the new reporting process & unique obligations of the reporting entity/individual
Outline of the extensive details that need to be disclosed
Timeline for compliance

The Corporate Transparency Act: On January 1, 2024, this game-changing reporting requirement comes into effect, necessitating most businesses to report details of the owners holding more than 25% in the business, or who otherwise exercise substantial control over it.

Be ready for it!

Join Rose Law Group Corporate Law Director Shruti Gurudanti and her team for an urgent and informative session where they unpack the implications of this new law and provide you with actionable steps to ensure compliance.

When: Tuesday, August 29th • 12:00 pm - 1:00 pm.

Where: Zoom or in person at Rose Law Group

• 7144 E. Stetson Dr., Suite 300

• Scottsdale, AZ 85251.

How: Tap through to register. In person seating is limited.

If you are interested in joining this catered lunch-and-learn, please contact Angelica Van Balen at: avanbalen@roselawgroup.com to reserve your spot. https://bit.ly/3YnEFDD

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RESOURCE:

An official website of the United States Government

A final rule implementing the beneficial ownership information reporting requirements of the Corporate Transparency Act (CTA) was issued in September 2022. These regulations go into effect on January 1, 2024. Beneficial ownership information will not be accepted prior to January 1, 2024.

The Corporate Transparency Act (CTA) establishes uniform beneficial ownership information reporting requirements for certain types of corporations, limited liability companies, and other similar entities created in or registered to do business in the United States. The CTA authorizes FinCEN to collect that information and disclose it to authorized government authorities and financial institutions, subject to effective safeguards and controls. The CTA and its implementing regulations will provide essential information to law enforcement, national security agencies, and others to help prevent criminals, terrorists, proliferators, and corrupt oligarchs from hiding illicit money or other property in the United States. The CTA is part of the Anti-Money Laundering Act of 2020 (AML Act). More information on the AML Act can be found on the AML Act page.