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July Webinar: CTA Part 7, a 7-Month Check-in

By: Staff Contributor on Jul 2, 2024 9:30:00 AM

The Corporate Transparency Act (CTA), a groundbreaking federal law, took effect on January 1, 2024. In the most recent installment of our CTA webinar series, CTA Part 7: Navigating the New Norm, a 7-Month Check-in on the Corporate Transparency Act, our presenter, Pia Angelikis, Esq., VP of Government Relations and Legal Research, will provide the most current information available since our 4-month check-in, including analysis of the new Federal challenges to the CTA along with an updated status of NSBU v. Yellen, a discussion of the new FAQs that FinCEN issued on June 10 and a refresh on reporting requirements and deadlines in conjunction with navigating the Beneficial Ownership Information (BOI) Report. Additionally, she will discuss penalties for non-compliance with a focus on FinCEN’s latest FAQ regarding penalties, take an in-depth look into the subsidiary and inactive entity exemptions and highlight the remaining unclear issues since Part 6 of the series.

CTA Part 7: Navigating the New Norm
A 7-Month Check-in on the Corporate Transparency Act

Tuesday, July 30, 2024
1:00 - 2:15 p.m. ET (10:00 - 11:15 a.m. PT)

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In this webinar, we will discuss: 

  • Legislative and judicial challenges to the CTA  
  • Details on the new US District Court cases initiated since NSBU v. Yellen: The case declaring the CTA unconstitutional currently on appeal with the Eleventh Circuit 
  • Reporting requirements and key terms, with practical information regarding the BOI Report 
  • Update on number of BOI Reports filed to date as compared to FinCEN’s estimate of the number of non-exempt reporting companies required to file in 2024 
  • Navigating the BOI Report 
  • Discussion of the latest guidance FinCEN issued on June 11, including an FAQ on the Large Operating Company Exemption  
  • A deep dive into subsidiary exemption and inactive entity exemption 
  • Status of FinCEN’s third set of rulemaking (CDD revisions) and review of penalties for non-compliance 
  • Remaining issues and what’s next

Register Now

There is no fee to attend the webinar, but advance registration is required.

CLE and MCLE Information:

California: This course is pending approval by the California MCLE Board for 1 MCLE credit hour. (CA attorneys, please provide Bar number during registration.) 

Florida: This course has been approved by the Florida Bar for 1 CLE credit hour. Course #2406838N

Illinois:This course has been approved by the Illinois MCLE Board for 1 MCLE credit hour. (IL attorneys must provide their ARDC number for provider reporting purposes.)   

New York: Cogency Global has been certified by the New York State Continuing Legal Education Board as an Accredited Provider of continuing legal education. This course has been approved in accordance with the Board for a maximum of 1 credit hour, all of which can be applied toward the Professional Practice requirement.  

Texas:This course has been approved for MCLE credit by the State Bar of Texas Committee on MCLE in the amount of 1 credit hour, of which 0 credit hours will apply to legal ethics/professional responsibility credit. (TX attorneys must provide their Bar number for provider reporting purposes.) 

National Federation of Paralegal Associations (NFPA):This course is pending approval by the NFPA for 1 CLE credit hour. 
National Association of Legal Assistants (NALA): This course has been approved by NALA for 1 CLE credit hour.    

Note: To receive full credit, you must be present for the entire presentation and answer all poll questions throughout the webinar.    

Please note:   

  • This program is suitable for newly admitted and experienced attorneys.    
  • M/CLE is general credit and does not include any of the following: Legal ethics, recognition and elimination of bias, competence, mental health/substance abuse, diversity/inclusion, civility and professionalism. Official NY State CLE certificates will be emailed after the event.    
  • Cogency Global does not pursue CLE credit for paralegals (unless noted above), CPAs or CPEs. We encourage you to submit this certificate of attendance to your professional organization to obtain credit.   
  • For any states not listed as approved or pending, we strongly encourage attendees to self-apply/self-report to the respective states.  

Please be aware that CLE accreditation does expire. We will post on the related pages when a webinar no longer qualifies for CLE credit. Check with your CLE/MCLE board in your state to be sure.

  • New York: Three years after the date of the live event.
  • Texas: Two years after the date of the live event.
  • California: Two years after the date of the live event.
  • Illinois: Two years after the date of the live event.
  • Florida: 18 months after the date of the live event.

You’re welcome to share this invitation with your colleagues and any other legal and financial professionals who may benefit from attending this webinar. If you have any questions, please email webinars@cogencyglobal.com. We look forward to hearing from you.  

Topics: Corporate Transparency, U.S. Corporate Services, Corporate Transparency Act