Complying with the Corporate Transparency Act: What You Need to Know Before the Deadline

Description

The Corporate Transparency Act (CTA) went into effect on January 1 of this year, and with that, comes the requirement that many companies must submit a Beneficial Ownership Information (BOI) Report to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network. There’s a good chance that the requirement extends to your business, too.

Don't wait until the December 31, 2024 deadline and find yourself scrambling. Get the information you need now. Join us to learn how your business can file the necessary reports to comply with the law. A failure to comply can lead to larges fines and possibly imprisonment. 

Back by popular demand, the Champaign County Chamber welcomes Meyer Capel attorney and shareholder Randall Green to share what businesses need to know on the Corporate Transparency Act. Green will also share where businesses can go to file their necessary reports and what information is needed.

In this webinar, Green will cover the following: 

• Overview of the CTA 
• Common exemptions 
• Reporting obligations and important deadlines
• Determining Beneficial Ownership
• Compliance best practices 
• Changes for 2025
• Q & A Period