Description

The final FinCen rules on business ownership reporting have been out since last year, but uncertainties still remain on which organizations and persons must comply and how. This practical legal briefing answers the salient questions businesses need to clarify before rules go into effect in January 2024. The penalties are real, exceptions are few, and your clients need the answers now. Get up to speed – register today!

• Determine which entities fall under the Corporate Transparency Act FinCen beneficial ownership rules, and what exceptions exist.
• Learn how substantial control is defined for purposes of beneficial ownership information (BOI) reporting.
• Walk through the FinCen form used to submit the information and discuss potential risks and mistakes.
• Explore how the reporting information can be accessed and by whom.