The Corporate Transparency Act: Beneficial Ownership Reporting Requirements: A Primer for In-House Counsel

Perkins Coie Partner Jamie Schafer and Senior Counsel Jim Vivenzio provide an overview of key provisions of the Corporate Transparency Act, including the "beneficial ownership" reporting requirements, timeframes for filing and reporting logistics, and liability considerations for companies and senior officers. The presentation provides practical takeaways for in-house counsel along with discussion of common challenging scenarios and nuances as to application of the exemptions and identification of "beneficial owners" under the rule. Participants also received Perkins Coie's CTA Quick Tips Sheet and How-To guides for obtaining identification numbers (FinCEN IDs) and filing Beneficial Ownership Information Reports under the CTA.
 

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PRESENTATION

Tip Sheets:

• Instructions for How to Obtain a FinCEN Identifier
• Instructions for How to File a CTA Report
• Beneficial Ownership Reporting Requirements under the CTA
• The Corporate Transparency Act: What to Know and Expect Starting January 1, 2024
• Think Public and Large Companies are Entirely Exempt From the CTA? Think Again.
• Corporate Transparency Act Will Require Disclosure of Senior Officers and Directors of Many U.S. and Foreign Companies
• CTA Compliance Tip: Spouses and Domestic Partners in Community Property States May Also Be “Beneficial Owners”
• The Corporate Transparency Act: Mid-Year Update: Game Changing FinCEN Guidance and What to Do to Meet Compliance Obligations
• Get Ready for the New York LLC Transparency Act
• Nationwide Injunction Against Corporate Transparency Act: What to Know and Expect