CT Expert Insights

New York’s LLC Transparency Act and Beneficial Ownership Information

Expert Insights has a podcast series on helping business leaders understand how to comply with the Corporate Transparency Act (CTA) and its Beneficial Ownership Information (BOI) reporting requirements.  Organizations throughout the U.S. are studying what they must do to be in compliance with the federal requirements outlined in the CTA. In addition, New York has its own rules for reporting beneficial ownership information. So how much similarity is there between the CTA and the New York regulations and what additional rules do you need to comply with in the Empire State? CT Corporation Senior Manager for Government Relations Alan Stachura joins us to discuss these questions and more.For additional information and resources:https://www.wolterskluwer.com/en/solutions/ct-corporation/beneficial-ownership-information

FinCEN's Guidance on BOI Compliance for Dissolved Businesses

Expert Insights has a podcast series on helping business leaders understand how to comply with the Corporate Transparency Act (CTA) and its Beneficial Ownership Information (BOI) reporting requirements.  The Treasury Department's Financial Crimes Enforcement Network, or FinCEN, recently issued new guidance on whether dissolved businesses still need to file BOI reports. It seems like a simple question but the answer can vary depending on the details of your dissolution. CT Corporation Publications Attorney Sandra Feldman helps us sort it all out.For more information and resources:https://www.wolterskluwer.com/en/solutions/ct-corporation/beneficial-ownership-information

Corporate Transparency Act Compliance: Should You Get a FinCEN ID?

Expert Insights has a podcast series on helping business leaders understand how to comply with the Corporate Transparency Act (CTA) and its Beneficial Ownership Information reporting requirements. There are multiple ways to submit beneficial ownership information in compliance with the Corporate Transparency Act. To help ease any concerns about sending the information, the government is offering the option to enter the data through a FinCEN ID.CT Corporation Publications Attorney Sandra Feldman explains how the FinCEN ID works, the advantages of using it, and some reasons you might want to think twice about it.For additional information and resources:https://www.wolterskluwer.com/en/solutions/ct-corporation/beneficial-ownership-information

How CT Corporation's Award-Winning Tools Guide Your Corporate Transparency Act Compliance

Expert Insights has a podcast series on helping business leaders understand how to comply with the Corporate Transparency Act (CTA) and its Beneficial Ownership Information reporting requirements.  Because compliance with the CTA begins this year, millions of businesses are dealing with the reporting requirements for the first time. Which businesses need to provide Beneficial Ownership Information (BOI) and which ones are exempt? For those that do need to report, what information do they need to provide? How soon do they need to provide it? And where can business owners turn for help?In this episode Ani John, Associate Director of Product Management at CT Corporation, answers all of these questions and explains how CT's award-winning BOI platform guides you painlessly through the reporting process in just a fraction of the time it would take to do on your own.For additional information and resources:https://www.wolterskluwer.com/en/solutions/ct-corporation/beneficial-ownership-information

What Startups Need to Know About Corporate Transparency Act Compliance

Expert Insights has a podcast series on helping business leaders understand how to comply with the Corporate Transparency Act (CTA) and its Beneficial Ownership Information reporting requirements. In this episode, George May, Vice President of Small Business Segment at CT Corporation, walks us through which entities need to comply with the CTA and which ones are exempt, the reporting challenges unique to startups, how best to protect the sensitive information of beneficial owners, and why the smartest move is to comply as soon as possible.For more information and resources: https://www.wolterskluwer.com/en/solutions/ct-corporation/resources/corporate-transparency-act-resources