​Prepare Your Business for the Corporate Transparency Act Deadline

The clock is ticking for businesses across the United States to comply with a significant federal reporting requirement. Under the Corporate Transparency Act (CTA), many companies must report information about their beneficial owners—the individuals who ultimately own or control the company—to the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). This law, enacted to curb financial crimes and protect national security, introduces critical reforms that will impact businesses of all sizes.

To help businesses understand and meet this obligation, an informative Policy Outlook will be held on Tuesday, December 17, 2024, at 9:00 AM CST. This virtual event is an essential resource for businesses preparing to comply with the January 1, 2025 reporting deadline.

WHAT TO EXPECT
This session offers insights from FinCEN experts who will explain the reporting requirements, why they matter, and how businesses can meet them effectively. Information covered:

• The purpose and goals of the Corporate Transparency Act.
• The beneficial ownership information report (BOIR) process.
• Steps to ensure compliance before the deadline.
• The consequences of non-compliance, including fines.

PRESENTERS INCLUDE:
Megan Harding, Regulations Advisor, Beneficial Ownership and Transparency Unit, FinCEN.
Jéan Luc Guerrier, JD, CFE, CECFE, Guidance and Outreach Advisor, Beneficial Ownership and Transparency Unit, FinCEN.
Their combined expertise in federal regulations, financial investigations, and anti-money laundering policies will provide actionable guidance to help businesses stay compliant.

THE WHY FOR BUSINESSES
The reporting requirements affect nearly all U.S. small businesses, regardless of industry. Compliance is not optional, and understanding how to meet these new standards is essential for avoiding steep penalties. This event is designed to provide clarity and support for businesses facing this critical mandate.

WHO SHOULD ATTEND

• Small business owners and operators.
• Financial professionals.
• Business associations and advisors.
• Legislators and policy stakeholders.

Date: December 17, 2024
Time: 9:00 AM – 9:45 AM CST
Format: Virtual (registration required for login details)
Cost: Free for members | $15 for non-members
Link: Register today

As the January 1, 2025, deadline approaches, the need for businesses to take action becomes increasingly urgent. Understanding the new reporting requirements is the first step toward compliance and safeguarding your business.