The Corporate Transparency Act (“CTA”)
Date: Thursday, May 2, 2024
Time: 12:00pm - 2:00pm
Location: Lake Forest Club: 554 N Westmoreland Rd, Lake Forest, IL 60045
Speaker: Elizabeth C. Cronin - Attorney at Law
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The Corporate Transparency Act (“CTA”) was recently enacted to combat money laundering, terrorist financing, tax fraud, and other financial crimes. The CTA went into effect on January 1, 2024, requiring many of us and our clients, in an effort to promote financial transparency, to report certain information regarding beneficial ownership of business entities to the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN). FinCEN will then compile these reports into a national registry of business entities. The CTA's requirements have caused much confusion among attorneys, business owners, and financial professionals, and have even been struck down in at least one federal court. We will discuss the basis for this confusion and will set forth some simple measures by which you and your clients can successfully navigate this new law.
Please RSVP to join us - we hope to see you there!
Nimisha Patel, CPA, CAA
Pinnacle Worldwide, Inc. - Vernon Hills, IL 60061/Lincolnshire, IL 60069
Phone: 1-847-680-3829/Toll Free: 1-877-704-0516
Phone: 1-847-680-3829/Toll Free: 1-877-704-0516
Direct:1-847-287-0021
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