Understanding New Beneficial Ownership Reporting

If your construction firm is or has a business entity with 20 or fewer employees or annual gross revenues of $5 million or less, you won’t want to miss this webinar on tricky new beneficial ownership reporting requirements with criminal and civil penalties for failure to comply.

As of January 1, 2024, more than 32 million existing entities are required to report the personal information of beneficial owners to a new federal database by January 1, 2025. Entities created this year will have to file within 90 days of creation.

The rule issued by the Financial Crimes Enforcement Network (FinCEN) sets forth Beneficial Ownership Information (BOI) reporting requirements mandated by the Corporate Transparency Act (CTA). This rule affects a broad spectrum of businesses, including many owned by general contractors, and it is imperative you understand the scope of the rule as well as how to comply not just for the initial filing but for ongoing compliance.

Join AGC’s webinar on April 4, 2024, to:

  • Discuss what is the Corporate Transparency Act.
  • Discuss who is required to report BOI and who isn’t required to report BOI.
  • Learn when, where, and how BOI reports are filed.
  • Discuss the benefits of collaborating with a trusted provider to simplify CTA complexity.

The webinar will be presented by Sandra Feldman, an attorney and BOI expert with Wolters Kluwer’s CT Corporation. Sandra Feldman has had a long-tenured career with Wolters Kluwer CT Corporation spanning back to 1985 and solidifying her role as publication attorney in 1988. Sandra plays a key role in delivering comprehensive and up-to-date information to CT Corporation’s clientele on the evolving landscape of business entity law that includes beneficial ownership information reporting. She holds active membership with the New York State Bar Association, highlighting her commitment to understanding and providing in-depth legal publications to enterprises of all sizes.

Showing 1 reaction

Please check your e-mail for a link to activate your account.