Springboro Chamber | Corporate Transparency Act Webinar with Mike Menninger - Houck Menninger Law, LLC
Join us for an insightful webinar hosted by Mike Menninger of Houck Menninger Law on the Corporate Transparency Act (CTA). One of the objectives of your Chamber is to provide you with pertinent and relevant information to help you run your business effectively. The CTA, enacted by Congress as part of the Anti-Money Laundering Act of 2020, has significant implications for businesses across the country. The reporting requirements under the CTA went into effect on January 1, 2024. Businesses formed prior to January 1, 2024, must comply with the CTA’s reporting requirements by January 1, 2025. A new reporting requirement now requires tens of millions of businesses in the U.S. to file a “Beneficial Ownership Information” report with the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN).
The CTA aims to combat illicit activities such as tax fraud, money laundering, and the financing of terrorism. Despite its importance, the CTA is not receiving the coverage it deserves, leaving many business owners unaware of its requirements. Whether you are a sole proprietor or own a simple LLC, you may need to comply with these new regulations.
This webinar will provide you with a comprehensive overview of the CTA, its requirements, and how it impacts your business. Mike Menninger will explain what you need to do to ensure compliance and avoid potential penalties, as well as who needs to report to FinCEN, what information needs to be reported, and by when. He will also explain the basics of the CTA, including its background and framework. Don’t miss this opportunity to get up-to-date information and ask your questions directly to an expert.
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