Business & Securities Law

4.51

CTA Beneficial Ownership Reporting: What Every Business Needs to Know and Do

Credits Available
Credit Status Total
Alaska CLE Approved 1.5 Total
Arizona CLE Approved 1.5 Total
California CLE Approved 1.5 Total
Colorado CLE Approved 2 Total
Connecticut CLE Approved 1.5 Total
Delaware CLE Approved 1.5 Total
Florida CLE Approved 2 Total
Hawaii CLE Approved 1.5 Total
Iowa CLE Upon Request 1.5 Total
Idaho CLE Upon Request 1.5 Total
Illinois CLE Approved 1.5 Total
Maine CLE Approved 1.5 Total
Minnesota CLE Approved 1.5 Total
Missouri CLE Approved 1.8 Total
Northern Mariana Islands CLE Approved 1.5 Total
Mississippi CLE Approved 1.5 Total
Montana CLE Approved 1.5 Total
North Dakota CLE Upon Request 1.5 Total
Nebraska CLE Approved 1.5 Total
New Hampshire CLE Approved 1.5 Total
New Mexico CLE Approved 1.5 Total
Nevada CLE Approved 1.5 Total
New York CLE Approved 1.5 Total
Oklahoma CLE Approved 2 Total
Oregon CLE Upon Request 1.5 Total
Pennsylvania CLE Approved 1.5 Total
Vermont CLE Approved 1.5 Total
Washington CLE Approved 1.5 Total
Wisconsin CLE Approved 1.5 Total
West Virginia CLE Approved 1.8 Total
OnDemand
1 hours 27 minutes
Michael Gorby
With Michael J. Gorby from Gorby Peters Law
Recorded August 26, 2024
Product ID 98952

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Overview

Ensure Urgent Compliance Now That the Rules are in Effect

The first wave of FinCen business ownership reporting is in, but uncertainties remain on who must comply and how. In this practical legal briefing, faculty review common client scenarios to determine liability, walk through the process of reporting, and answer the salient questions businesses need answered to clarify. The penalties are real, exceptions are few, and your clients need the answers now. Register today!

  • Determine which entities fall under the Corporate Transparency Act FinCen beneficial ownership rules, and what exceptions exist.
  • Learn how "substantial control" is defined for purposes of beneficial ownership information (BOI) reporting.
  • Walk through the FinCen form used to submit the information and discuss potential risks and mistakes.
  • Explore how the reporting information can be accessed and by whom.

Abbreviated Agenda

  1. Businesses/Trusts Subject to the New Reporting Rules
  2. Who Must Report? "Substantial Control" and Exceptions, Common Hypotheticals
  3. Initial Reporting: Deadlines and Penalties, FinCen Form and Portal Walkthrough
  4. Questions to Ask Each Client to Avoid Noncompliance
  5. Privacy of Disclosures (CTA 6403(a)(c)): Who Can Gain Access to the Reporting Information?
  6. The Future of CTA (National Small Business Association v. Yellen and Other Challenges)

Related Topics

Product ID 98952

Credit Details

Credits Available
Credit Status Total
Alaska CLE Approved 1.5 Total
Arizona CLE Approved 1.5 Total
California CLE Approved 1.5 Total
Colorado CLE Approved 2 Total
Connecticut CLE Approved 1.5 Total
Delaware CLE Approved 1.5 Total
Florida CLE Approved 2 Total
Hawaii CLE Approved 1.5 Total
Iowa CLE Upon Request 1.5 Total
Idaho CLE Upon Request 1.5 Total
Illinois CLE Approved 1.5 Total
Maine CLE Approved 1.5 Total
Minnesota CLE Approved 1.5 Total
Missouri CLE Approved 1.8 Total
Northern Mariana Islands CLE Approved 1.5 Total
Mississippi CLE Approved 1.5 Total
Montana CLE Approved 1.5 Total
North Dakota CLE Upon Request 1.5 Total
Nebraska CLE Approved 1.5 Total
New Hampshire CLE Approved 1.5 Total
New Mexico CLE Approved 1.5 Total
Nevada CLE Approved 1.5 Total
New York CLE Approved 1.5 Total
Oklahoma CLE Approved 2 Total
Oregon CLE Upon Request 1.5 Total
Pennsylvania CLE Approved 1.5 Total
Vermont CLE Approved 1.5 Total
Washington CLE Approved 1.5 Total
Wisconsin CLE Approved 1.5 Total
West Virginia CLE Approved 1.8 Total
Select Jurisdiction
CLE

Agenda

All times are shown in

  1. CTA Beneficial Ownership Reporting: What Every Business Needs to Know and Do

    1. Businesses/Trusts Subject to the New Reporting Rules
    2. Who Must Report? "Substantial Control" and Exceptions, Common Hypotheticals
    3. Initial Reporting: Deadlines and Penalties, FinCen Form and Portal Walkthrough
    4. Questions to Ask Each Client to Avoid Noncompliance
    5. Privacy of Disclosures (CTA 6403(a)(c)): Who Can Gain Access to the Reporting Information?
    6. The Future of CTA (National Small Business Association v. Yellen and Other Challenges)

Who Should Attend

This timely legal briefing is designed for attorneys. Accountants, compliance officers, business owners, estate planners, fiduciaries, and paralegals will also benefit.

Speakers

Michael J Gorby
Michael J.
Gorby
Gorby Peters Law
Speaker bio
Michael J Gorby

Michael J. Gorby

Gorby Peters Law
Michael Gorby

is a founder and partner with Gorby Peters & Associates, LLC. He is a nationally recognized leader in complex corporate disputes, professional negligence cases, and liability issues that arise for property owners and managers, such as hotel chains, restaurants, shopping centers, apartment complexes, office buildings, and other public venues. Since 1998, Mr. Gorby has served as the program chair for the Institute of Continuing Legal Education in Georgia (an affiliate of the University of Georgia), on the topic of premises liability. He is also the author of a popular legal treatise, Premises Liability in Georgia, which is published by Thomson Reuters/West, and which is now in its third edition. Mr. Gorby serves as an instructor/lecturer for Georgia Tech Procurement Assistance Center (GTPAC) in the area of procuring government contracts, and is also a registered mediator. He earned his B.A. degree from Georgia State University and his J.D. degree from the University of Georgia School of Law.

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Yes, the more people you bring from your organization, the more you save. After the first registration, each additional attendee receives a special discount off of their total tuition.
When will the OnDemand be available and how long will I have access to the content?
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Yes, we'll email you a certificate of completion and store in your account for any future reporting needs.
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