Come learn about comprehensive regulations stemming from the Corporate Transparency Act that go into effect on January 1, 2024. These regulations apply to entity formation and will require both attorneys and clients to report certain information on "beneficial owners" of entities. This information will be compiled in a national database used by the U.S. Department of Treasury to combat money-laundering and other illegal activities.
This presentation will give attendees a working knowledge of what entities are affected by these regulations, what reporting requirements are placed on them and their clients, the numerous exceptions to these requirements, and the repercussions of failing to comply.
Speakers: Emily J. Kembell, Kirkland Woods & Martinsen LLP, Springfield; Shane Rader, Kirkland Woods & Martinsen LLP, Springfield