The Corporate Transparency Act: The Impacts
The Corporate Transparency Act is requiring all reporting companies (LLC, Corporation, Partnerships and more) to file a FinCEN report with the Financial Criminal Enforcement Network (FinCEN) of the U.S. Treasury, disclosing all information about the beneficial owner(s) of the legal entity and those that created them. Failure to report in a timely manner can lead to a fine of $500/day. Beginning January 1st, 2024, the Corporate Transparency Act will begin enforcing reporting companies to file. Join us as top asset protection attorney Harry Barth takes an inside look at this new law and how it impacts you. Harry will reveal the types of legal entities affected and how your rental properties can also be impacted by this new law. Discussion will cover the following topics:
- How to determine beneficial owners
- Who is required to report
- How your living trust could be involved
- Timelines for reporting and penalties associated with the new law
- All of the rules you must meet to be exempt from reporting
- How to actually get the filing done
- Requirements for ongoing reporting
This class will be instructed by Harry Barth, BarthCalderon
Fee: $45 Members $65 Non-Members
For more information contact Maria Shea at 415-255-2288 x.110 or [email protected]