The Corporate Transparency Act (the “CTA”), adopted as part of the 2021 National Defense Authorization Act, requires certain businesses formed in or registered to do business in the United States to report beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN). While many large businesses will be exempt, most small businesses and startups will not be, which means that the cost of compliance will fall on businesses with the least resources. The CTA will have a significant impact on the practice of law with respect to the formation and compliance for business entities. This session will provide you with information on how you and your clients can prepare.

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