Description

The first wave of FinCen business ownership reporting is in, but uncertainties remain on who must comply and how. In this practical legal briefing, faculty review common client scenarios to determine liability, walk through the process of reporting, and answer the salient questions businesses need answered to clarify. The penalties are real, exceptions are few, and your clients need the answers now. 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.