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Event Details

    Corp Transparency Act

    Date: December 7, 2023, 12:00pm – 12:45pm
    Organizer:
    HRA Professional Development
    Location:
    Lunch and Learn - Link will be in registration confirmation and sent to registrants the day before.
    Price:
    FREE for HRA Members -- $20 for non-members
    Event Type:
    Lunch and Learn
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    Presenter:  Megan Balne, Esq. (PDF) Megan Knowlton Balne

    Corporate Transparency Act

    Starting January 1, 2024, tens of millions of (small) business owners will have to file a new, and very personal, report as part of the federal Corporate Transparency Act (CTA) – or they risk harsh civil and criminal penalties, including hefty fines and possible time behind bars. In other words: compliance is mandatory.

    The Corporate Transparency Act, or CTA, was enacted on January 1, 2021. It is an expansion of anti-money laundering laws and is intended to help prevent and combat money laundering, terrorist financing, corruption, tax fraud, and other illicit activity. Broadly speaking, it requires most existing and new corporate entities in the United States to file reports with the federal government regarding their beneficial owners. Reports will be filed with the Department of the Treasury’s Financial Crimes Enforcement Network, or FinCEN. 

    Who is required to file reports?

    The definition of “reporting company” is incredibly broad. Are there any exemptions?

    I’ve determined that my company is a “reporting company” or will be a “reporting company” when it is created. Now what?

    What’s in the report?

    Once an initial report is filed, is it required to be updated?

    Who is considered a “beneficial owner” of a reporting company?

    Who is considered a “beneficial owner” of a reporting company?

    Who is considered a “beneficial owner” of a reporting company?

    How do you file?

     

    see who is registered (PDF)

    For this timely and education webinar, Click Here to register

    Certification credit:  This program has not been submitted for recertification credit hours toward PHR, SPHR and GPHR recertification through the HR Certification Institute.  Please be sure to note the program ID number on your recertification application form.  For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.

                             

    The use of this seal is not an endorsement by the HR Certification Institute of the quality of the program.  It means that this program has met the HR Certification Institute's criteria to be pre-approved for recertification credit.

         SHRM Recertification Provider        "The Human Resource Assoc.  is recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP® or SHRM-SCP® recertification activities.”               

    Not Submitted for PDC's