Join a webinar Thursday, Oct. 10, hosted by the Small Business Legislative Council (SBLC) to learn more about the Corporate Transparency Act and the reporting requirements for small businesses.

Attorneys from Barnes & Thornburg will generally discuss the basics of the reporting requirements under the Corporate Transparency Act and, importantly for small businesses, will thoroughly explain the three primary exceptions to the statute used by small businesses to exempt themselves from this burdensome reporting.

As background, on January 1, 2024, the Corporate Transparency Act (“CTA”) fully came into effect and imposes reporting obligations on all business entities that are within the scope of the definition of “reporting company” under the statute. Entities that do not fall within one of the CTA’s categories of exemptions will be required to file a beneficial ownership information report (“BOI report”) with the U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”). Most companies in the United States will be required to file an initial BOI Report by December 31, 2024.

To register for the webinar, click here.

For any questions about the SBLC, CTA, or to learn more, do not hesitate to reach out to Chad Tokowicz, MRAA Government Relations Manager at Chad@mraa.com