On January 1, 2024, the Corporate Transparency Act’s Beneficial Ownership Reporting Rule (the “Rule”) went into effect. Under the Rule, your entity may be required to report information about it and the persons who own or control it – the entity’s beneficial owners – to the U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) no later than January 1, 2025 and in certain cases sooner. If you are required to report your company’s beneficial ownership information to FinCEN, you will do so electronically through a secure filing system (BOI E-Filing System) available via FinCEN’s website.

This webinar, presented by partner Dan Desmond on January 10, 2024, covers the Rule, who it applies to, and provides more insight into the reporting process. The webinar consists of a presentation followed by a Q&A session.

Click the video player below to watch the webinar.

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DISCLAIMER: As new information continues to be released regarding the Corporate Transparency Act, we are working to provide timely legal updates. It is important to note that this information is evolving and may change. The information provided in the webinar is not intended to create an attorney-client relationship. The information contained in the webinar is for general informational purposes only and should not be construed as legal advice or a substitute for legal counsel. If you have questions about your legal situation or about how to apply information contained in the webinar to your situation or about how any other information found on our website may affect your business, you should reach out to one of our attorneys. We assume no responsibility for the accuracy or timeliness of any information provided herein or by any linked site. As information changes rapidly, users are strongly advised to verify any information before relying upon it.