The Corporate Transparency Act (CTA) requires certain U.S. and foreign business entities to report beneficial owners and company applicants to the Department of the Treasury’s Financial Crimes Enforcement Network. These reporting requirements apply to any company owned by an Employee Stock Ownership Plan (ESOP), unless the company fits within one of the 23 exemptions.
With serious penalties for noncompliance, ESOP companies must determine whether CTA reporting applies and, if so, what information needs to be reported. In this webinar, we’ll discuss the key provisions of the CTA, which ESOP companies are subject to CTA reporting, and the potential consequences of noncompliance.
Presenters
Jordan Bergkamp, Partner
Alan Kandel, Partner
Yuefan Wang, Partner
Who Should Attend
- ESOP company CFOs, CEOs, and advisors
- ESOP trustees and other fiduciaries
Continuing Education Credit
This program is pending approval for Colorado, Illinois, Iowa, Kansas, Missouri, Minnesota, Nebraska, Tennessee, Texas, and Wisconsin continuing legal education credit.