Complying with the Corporate Transparency Act: Virtual Office Hour

Description

There are many new developments in the Corporate Transparency Act (CTA) and its filing requirements. With those developments, there may be questions about what you need to do for your business. 

The Champaign County Chamber welcomes Meyer Capel attorney and shareholder Randall Green to share what businesses need to know on the CTA developments in this virtual office hour. Green will share a brief overview of where the law stands before turning the floor over to you to get your questions answered in a moderated Q&A. 
 
The CTA went into effect on January 1 of this year, and with that came the requirement that many companies must submit a Beneficial Ownership Information (BOI) Report to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network. There’s a good chance that this requirement extended to your business, too. Businesses that fail to comply could incur hefty fines and possibly imprisonment. 

Recently, a federal judge from Texas temporarily halted the filing requirement, but the government has appealed. With the December 31, 2024 deadline coming fast, many businesses may wonder what this legal hot potato means. 
 
Get your questions answered. Get in compliance. Join us Thursday, December 19 at 3:00 pm.