What Every Small Business Needs to Know About the Corporate Transparency Act
Date and Time
Thursday Mar 7, 2024
3:30 PM - 4:00 PM EST
Fees/Admission
Free to attend
What Every Small Business Needs to Kn...
Description
Join attorney Helen Ruth ("HR") Harwell, Mentor at SCORE Charlotte Chapter, for an insightful webinar on the Corporate Transparency Act.
Learn who the act applies to, how to prepare, and understand the reporting of the CTA Corporate Transparency Act.
Attendees will discover:
- What is the Corporate Transparency Act?
- Who needs to report?
Date: March 7th Time: 3:30 PM
Zoom Seminar Link:
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We extend a special thanks to Helen Ruth ("HR") Harwell, Mentor at SCORE Charlotte Chapter, for presenting this webinar. With over 25 years of experience as a licensed attorney in North Carolina and Alabama, her expertise spans estate planning, probate/administration of estates, and corporate and business law.
Unable to attend?
Here's a brief synopsis of the act.
What is the Corporate Transparency Act?
The CTA, enacted in 2021, is designed to combat illicit activities such as tax fraud, money laundering, and terrorism financing. It requires certain U.S. businesses meeting specific criteria to submit a Beneficial Ownership Information (BOI) Report to the U.S. Department of Treasury's Financial Crimes Enforcement Network (FinCEN). This report provides details identifying individuals associated with the reporting company.
What You Need to Do: We advise you to contact your CPA and/or attorney to understand how the CTA may impact your business. For more information you can visit the FinCEN website.
For Frequently Asked Questions link here Beneficial Ownership Information Reporting –
Existing Companies Have One Year to File; New Companies Must File Within 90 Days of Creation or Registration
https://www.fincen.gov/boi-faqs#C_2
