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"The Corporate Transparency Act: What to do Now," Thomson Reuters West LegalEdcenter

Please join me at 12:00 pm ET on August 18, 2022 for a West Legal presentation on "The Corporate Transparency Act: What to do Now." (Registration fee required.)

This course is designed for attorneys and paralegals who advise clients on the formation of corporations, partnerships and LLCs. The coursework relates to the preparation of shareholder agreements and LLC operating agreements and provides model clauses that relate to the corporate governance implications of the CTA.

We will cover:

• The categories of personally-identifiable information (PII) required for each of the company's "company applicants" and "beneficial owners."

• Understanding who is a "company applican.t"

• Understanding who is a "beneficial owner."

• How does "substantial control" of the reporting company relate to an individual's status as a "beneficial owner."

• What are the 23 categories of companies that are exempt from filing a beneficial ownership report.

• When is a company required to file its first beneficial ownership report.

• When is a company required to amend its beneficial ownership report.

• Model clauses for shareholder agreements and LLC operating agreements required for CTA compliance.

The Corporate Transparency Act is going to change dramatically the way that founders and investors in privately-held companies interact with each other. The CTA, once implemented, will require roughly 25 million U.S. companies to file a beneficial ownership report with FinCEN, the Financial Crimes Enforcement Network of the U.S. Treasury. Understanding how the CTA will change the interactions between founders and investors will allow attorneys to modify the contractual relations between those parties in anticipation of the CTA coming into effect.

Tags

corporatetransparencyact, fincen, cta, corporate governance, corporate transparency act, wilson_jonathan, weinberg_mark, presentations

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