Your Guide to the Corporate Transparency Act 2023

  • OnDemand seminar
  • Business Law
Your Guide to the Corporate Transparency Act 2023

Endorsed by the Business Law Section and the Real Property, Probate and Trust Law Section of the State Bar of Wisconsin

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Starting January 1, 2024, the Corporate Transparency Act (CTA) requires most private business entities to identify and report beneficial ownership information to the federal government. Failure to comply with the CTA’s reporting requirements can result in significant civil or criminal penalties. Lawyers will play a critical role in helping businesses navigate the CTA, so you need to have a plan in place for your current and future business clients.

Be prepared to advise your clients on compliance with Your Guide to the Corporate Transparency Act – a webcast seminar and companion PDF guide that will walk you through definitions, covered entities, and reporting requirements of the CTA.

Develop a solid understanding of:

  • The CTA’s impact on your role in the formation of entities
  • How reporting companies, beneficial owners, company applicants, and beneficial ownership information are defined in the CTA
  • Key dates and time periods for initial and ongoing reporting
  • Which entities are required to report and which are exempt
  • What information must be reported and when
  • What happens if an entity’s prior exemption expires

Product details

Faculty

  • Confidently advise clients on compliance with the Corporate Transparency Act
  • Avoid sizable potential civil and criminal penalties for noncompliance
  • Obtain sample language and other practice aids to reference and keep you on track
  • Identify and mitigate potential ethical problems before they arise
  • Attorneys who advise businesses
  • Estate planning attorneys who use LLCs and LLPs as planning tools
  • Managers and administrators of law firms registered as LLCs or LLPs
  • General practitioners

All seminar attendees will receive as course materials a PDF copy of Your Guide to the Corporate Transparency Act, a companion publication that explains the CTA, poses important questions not explained by the act, and helps you make compliance a standard component of your practice. Written by presenter Kent L. Schlienger and reviewed by State Bar of Wisconsin PINNACLE® attorney editors, the comprehensive manual will enable you to implement systems to keep your clients and your firm in compliance with the CTA. If you are unable to attend the seminar, the PDF manual can also be purchased separately for use in your practice.

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