Under the Corporate Transparency Act, entities formed before 2024 must submit their initial Beneficial Ownership Information Report (BOIR) by December 31, 2024, unless they fall under a specific outlined exemption. With this deadline drawing near, it is essential to determine if your company is subject to these filings and, if so, to understand the necessary disclosures, including beneficial ownership details, information about the entity's creator or registrant in the U.S., and any changes to this data, which are made to the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) within a specified timeframe in order to avoid severe penalties.

In this program, attorneys from Seyfarth’s CTA Task Force will address:

• Which entities are required to report
• Report filing deadlines
• Who qualifies as a beneficial owner
• Required Beneficial Owner Information (BOI)
• Entities exempt from reporting
• Reporting requirements for exempt entities
• Strategies for ensuring compliance