Complying with The Corporate Transparency Act

Complying with The Corporate Transparency Act

Effective 1/1/2024, The Corporate Transparency Act will require associations to report details on the corporation and “beneficial owners” to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) in 2024.

In addition to details about the corporation, filings must also include contact details, date of birth, identifying number from a government issued identification and an image of that identification for all “beneficial owners”.  For a vast majority, board members are “beneficial owners” and in some associations, property managers may also be reported as individuals of the association with substantive control.

Failing to report is punishable by civil penalties of up to $500 for each day that the violation continues and criminal penalties of up to two years imprisonment and a fine of up to $10,000.

In addition to providing an overview of the ‘Act’ the webinar will:

• Identify the parties and information to disclose in the filings.

• Explain how and where to file the information.

• Answer questions to make the new requirement less daunting.

Please note our cancelation policy:

Registrations canceled up to 2 weeks prior to program date may be refunded less a $25 cancelation fee.  No refunds will be issued for cancelations within 2 weeks of program date. 

Speaker

     Amy Collins, Esq.

      Perkins & Anctil, P.C. 

Thanks to our Webinar Sponsors

Presenting Sponsor

Webinar Sponsor

Moriarty Bielan & Malloy LLC

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