Corporate Transparency Act Compliance Workshop

Wednesday, March 27, 2024 - 12:00pm

Address:
North Central Ohio ESC
928 W Market St
Tiffin, OH 44883

Join Zach Fowler with Supance & Howard in our upcoming workshop on Wednesday, March 27 at noon at North Central Ohio Educational Service Center, where he'll speak about the essential elements of the Corporate Transparency Act. He'll shed light on its objectives, and explore how it might impact your business operations. Acquire valuable insights into managing compliance obligations and mastering reporting procedures to ensure timely fulfillment of requirements.

Key Learning Objectives:

• Understanding the Corporate Transparency Act and its applicability • What information needs to be reported, how, and by when?

• Strategies for achieving compliance and consequences of non-compliance

• Impact assessment on Small Businesses

Effective from January 1, 2024, the Corporate Transparency Act (CTA) casts its regulatory net over countless small businesses nationwide.

Comprehending the nuances of this legislation is paramount for small business owners, as failure to comply with reporting obligations could result in severe penalties, both civil and criminal.

Enacted in 2021, the CTA targets illicit activities such as tax evasion, money laundering, and terrorist financing. By mandating more extensive ownership disclosures for select U.S. businesses, the law aims to bolster oversight. Covered entities must submit a Beneficial Ownership Information (BOI) Report to the Financial Crimes Enforcement Network (FinCEN), detailing individuals associated with the reporting entity.

Add to Apple Calendar Add to Google Calendar Add to Outlook Calendar Add to Yahoo Calendar

Register for Event