Corporate Transparency Act Compliance: Beneficial Ownership Reporting, Filing Requirements and Exceptions
Recording of a 90-minute premium CLE/CPE video webinar with Q&A
This CLE/CPE webinar will provide tax attorneys and advisers guidance on the compliance and reporting requirements of the Corporate Transparency Act of 2021 (CTA) which took effect Jan. 1, 2024. Our panel will also address issues relating to (1.) the obligations of professional advisers to inform former or current clients of the CTA reporting obligations, (2.) the impact of the CTA on planning, notices, engagement letters, legal agreements, opinions, and (3.) the impact of the CTA on privacy concerns, both of U.S. and foreign persons.
Outline
- Overview of Corporate Transparency Act of 2021
- Reporting requirements and disclosure of information
- Exemptions
- Penalties
- Best practices for tax counsel
Benefits
The panel will review these and other key issues:
- What are the key provisions of the CTA?
- What is the impact on domestic and foreign companies?
- What are the reporting requirements under the CTA rules?
- How do you determine which companies are considered reporting companies under the CTA?
- How do you determine who are beneficial owner(s) under the CTA?
- What are the potential ramifications for noncompliance?
Faculty
Alan Winston Granwell
Of Counsel
Holland & Knight
Mr. Granwell has been practicing in international taxation for more than 45 years and previously was director of the... | Read More
Mr. Granwell has been practicing in international taxation for more than 45 years and previously was director of the Treasury Department’s Office of International Tax Affairs.
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Briahnna Skinner
Private Wealth Family Fiduciary Services Director
Holland & Knight
Ms. Skinner is a Private Wealth Family Fiduciary Services Director based in Holland & Knight's Boston... | Read More
Ms. Skinner is a Private Wealth Family Fiduciary Services Director based in Holland & Knight's Boston office. She has 10 years of experience providing estate planning, estate administration and trust administration services to high-net-worth clients. Ms. Skinner focuses on providing support to clients with complex family estate plans and high maintenance asset structures to ensure that administration is carried out properly. She maintains relationships and provides support to families and fiduciaries in administering their complex lives by working collaboratively with outside professionals, including accountants, insurance agents, financial advisors and client family offices, to facilitate coordinated action on a client's behalf. She tracks key dates for required entity maintenance activities and coordinates with the client's team of advisors to timely complete administration items relating to trust annuities, promissory notes, life insurance policies, real estate, art, and corporate entities. Ms. Skinner and the family fiduciary services team also provide bill pay services, account reporting, and facilitate document sharing, including secure file sharing for critical documents. She is also a member of Holland & Knight's Corporate Transparency Act (CTA) Team, which focuses on the recently enacted CTA. Ms. Skinner is familiar with the CTA reporting requirements for corporate entities, and in particular with the beneficial owner disclosure requirements when a trust has an ownership interest or substantial control over a reporting company.
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Michael C. Titens
Partner
Holland & Knight
Mr. Titens is a corporate attorney in Holland & Knight's Dallas office. He represents U.S. and... | Read More
Mr. Titens is a corporate attorney in Holland & Knight's Dallas office. He represents U.S. and international clients in structuring, negotiating and implementing mergers and acquisitions (M&A) as well as joint ventures. Mr. Titens also represents private equity funds and portfolio companies in formation, financing and M&A transactions. He frequently represents Mexican and other international clients in M&A, foreign investment and other business transactions. He was a resident in the firm’s Monterrey, Mexico, office from 1993 to 1997. Mr. Titens also focuses on cybersecurity issues, including breach preparedness and responses, and previously served as co-chair of the firm’s Cybersecurity and Data Privacy Group.
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