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BOI Reporting for Real Estate: Determining Beneficial Owners, Monitoring Changes, Actions to Facilitate Compliance

A live 110-minute CPE webinar with interactive Q&A

This program is included with the Strafford CPE Pass. Click for more information.
This program is included with the Strafford CPE+ Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Tuesday, June 4, 2024

1:00pm-2:50pm EDT, 10:00am-11:50am PDT

Early Registration Discount Deadline, Friday, May 10, 2024

or call 1-800-926-7926
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This webinar will comprehensively examine how the new Corporate Transparency Act (CTA) reporting requirements apply to real estate investors. Our panel of veteran real estate professionals will discuss the new reporting requirements as they apply to real estate owners and related entities. The panel will recommend specific actions individuals and entities should take to facilitate compliance with the new cumbersome act.

Description

Deciphering the reporting requirements of the CTA is challenging for all beneficial owners or potential beneficial owners. This Act's costs and administrative burdens are compounded for real estate investors. Determining who "exercises substantial control" under new and vague guidelines is particularly difficult for ownership structures that are often tiered and influenced by investors.

Whether real estate is held in an SPE, JV, LLC, or even an HOA, these entities need to take concrete steps to ensure compliance with the CTA, or otherwise, they could be subject to stiff penalties ($500 a day and even imprisonment) for ignoring or being unaware of the new reporting requirements. Brokers, agents, developers, property managers, investors, and others must grasp the new beneficial ownership requirements as they apply to real estate investors.

Listen as our panel of real estate transaction attorneys delves into the beneficial ownership reporting requirements for lenders, buyers, and sellers of real estate.

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Outline

  1. Beneficial ownership reporting for real estate: introduction
  2. Reporting requirements and deadlines
  3. Exemptions
  4. Interpreting the requirements for real estate owners
  5. Determining who must report
  6. Monitoring changes
  7. Operating agreement modifications
  8. Recommendations to facilitate compliance
  9. Other considerations

Benefits

The panel will review these and other critical issues:

  • The impact of the CTA on real estate entities and investors
  • How best to determine beneficial owners of real estate
  • Steps entities should take to facilitate compliance with the new requirements of the CTA
  • Modifications to consider to operating agreements of LLCs

Faculty

Bocci, Marisa
Marisa N. Bocci
Partner
K&L Gates

Ms. Bocci works on a range of transactional matters, including purchase and sale agreements, financing, and leasing....  |  Read More

Additional faculty
to be announced.
Attend on June 4

Early Discount (through 05/10/24)

CPE credit processing is available for an additional fee of $39.
CPE processing must be ordered prior to the event. See NASBA details.

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Early Discount (through 05/10/24)

CPE credit is not available on downloads.

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