Reporting Requirements of the Corporate Transparency Act of 2021: Compliance Challenges, Beneficial Owners, Penalties
Recording of a 90-minute premium CLE/CPE video webinar with Q&A
This CLE/CPE course will provide corporate, real estate and tax attorneys and advisers guidance on the compliance and reporting requirements of the new Corporate Transparency Act of 2021 (CTA). The panel will discuss key provisions of the CTA, determining what companies are "reporting companies" and who are "beneficial owners" under the Act, and the application of both civil and criminal penalties for failing to comply with the new rules.
Outline
- Overview of Corporate Transparency Act of 2021
- Reporting requirements and disclosure of information
- Exemptions
- Penalties
- Best practices for counsel and other advisers
Benefits
The panel will review these and other key issues:
- What are the key provisions of the Corporate Transparency Act of 2021?
- What is the impact on domestic and foreign companies?
- What are the reporting requirements under the CTA?
- How do you determine which companies are considered reporting companies under the CTA?
- How do you determine who are beneficial owner(s) under the CTA?
- What are the potential ramifications for noncompliance?
- What is the likely timeline for implementation and the issuance of the Treasury Department's implementing regulations under the CTA?
Faculty
Harold Adrion
Consultant
EisnerAmper
Mr. Adrion specializes in international tax. He has advised U.S. and foreign-based multi-national publicly and... | Read More
Mr. Adrion specializes in international tax. He has advised U.S. and foreign-based multi-national publicly and privately held enterprises and individuals on domestic and international tax issues for more than 30 years. He is recognized as a leading tax practitioner on cross-border and international transactions and tax planning.
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John C. Beeler
Partner
Porter Wright Morris & Arthur
Mr. Beeler maintains a general corporate practice with an emphasis on international business transactions, affordable... | Read More
Mr. Beeler maintains a general corporate practice with an emphasis on international business transactions, affordable housing, governmental economic development programs, and financing for emerging small businesses. His foreign clients are based in Asia and throughout Central and South America. For more than 35 years, Mr. Beeler has served as counsel for many Japanese manufacturers, logistics companies and related businesses that have established operations in Ohio, dealing with the corporate, real estate, tax, immigration and financing issues that have confronted foreign investors in the United States.
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Ellen C. Grady
Partner
Pillsbury Winthrop Shaw Pittman
Ms. Grady advises public, private and nonprofit entities on corporate transactions, principally mergers and... | Read More
Ms. Grady advises public, private and nonprofit entities on corporate transactions, principally mergers and acquisitions, joint ventures, venture capital and private equity transactions, securities offerings, and corporate governance.
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Diana Lingyu Jia
Attorney
Porter Wright Morris & Arthur
Ms. Jia counsels clients on a wide range of matters, including dispute resolution, mergers and acquisitions, commercial... | Read More
Ms. Jia counsels clients on a wide range of matters, including dispute resolution, mergers and acquisitions, commercial transactions, risk management and export control. She advises clients across industries, including manufacturing, health care, real estate, marketing, technology, aviation and telecommunications. Ms. Jia also negotiates software licensing agreements and advises clients on data collection and data security issues.
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