LAKE COUNTY ESTATE PLANNING COUNCIL

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!

 

 

Pinnacle Worldwide, Inc. - Vernon Hills, IL 60061/Lincolnshire, IL 60069
Phone: 1-847-680-3829/Toll Free: 1-877-704-0516 /Direct:1-847-287-0021                                                         https://pinnacleworldwide.com