Beneficial Ownership Information Reporting under the Corporate Transparency Act
May 17, 2023 @ 4:00 PM - 5:30 PM
Sponsored by the Commercial Law Section of the Delaware State Bar Association
This will be a HYBRID CLE. You may register for this event as a live participant or by Zoom. Even if you register as a live participant, you will receive a Zoom link by email immediately which you may disregard if not attending by Zoom. (Check spam folders if you do not.) If you are going to attend the live session, you will report to the venue and check in. Only live attendees will receive live CLE credits after 12/31/2022. If you do not receive your Zoom link upon registration, please contact reception@dsba.org
The Corporate Transparency Act, which requires businesses to file a beneficial ownership information report with a bureau of the Department of Treasury known as FinCEN, takes effect on January 1, 2024. This legislation will likely impact 32 million business entities as well as the lawyers that handle their formation. Noncompliance may result in harsh civil and criminal penalties.
What, exactly, needs to be filed? Who is considered a “beneficial owner”? When are compliance materials due? This CLE seminar provides answers to these questions, and more. Alan Stachura, the Senior Manager of Government Relations for CT Corporation, will break down the key components of this new reporting obligation so you can move ahead with clarity, confidence, and compliance.
Attendees will learn about:
– Companies that must file and companies that are exempt
– What information must be reported
– When the initial report is due
– When a report needs to be updated or corrected
– Who is considered a beneficial owner
– Penalties for non-compliance
– What companies and law firms should be doing now to prepare
Speaker:
Alan Stachura
Senior Manager of Government Relations, Wolters Kluwer
REGISTRATION INFORMATION AND RATES
This CLE will be conducted live and via Zoom. To register, visit www.dsba.org/cle and select this seminar, choosing whether you wish to attend live or by Zoom. If registering for EITHER method, you will receive an email back from Zoom immediately providing you with the correct login information. If attending by zoom and you do not receive this email, contact DSBA via email: reception@dsba.org. The Supreme Court of the State of Delaware Commission on Continuing Legal Education cannot accept phone conferencing only. You must attend through a device that allows DSBA to obtain your Bar ID in order to receive CLE Credit. Your attendance will be automatically monitored beginning at the scheduled start time and will be completed when the CLE has ended. If you enter or leave the seminar after or before the scheduled star t /end time, you will receive credit only for the time you attended. Your
CLE credits will be submitted to the Delaware and Pennsylvania Commissions on CLE, as usual.
Naturally, if you attend the seminar live, you must sign in and we will use your attendance as the means for reporting the live credit.
| CLE PRICING INFORMATION | Cost: |
|---|---|
| DSBA Members | $90 |
| DSBA Government Members | $81 |
| ** section discount available** | |
| Non-members (get member rate by JOINING) | $190 |
| Pennsylvania Credit – add: | $6 |
* advertised price is for the standard member rate.
OUT OF STATE CLE CREDIT INFO
Those attendees who wish to receive CLE credit, other than from Delaware or Pennsylvania, should contact their individual State’s CLE Commission for credit. The Delaware State Bar Association can provide you with the Agenda (included in the Materials sent with your registration confirmation) and a Certificate of Attendance (upon completion of the webinar), which should meet the requirements of compliance.
All rates include CLE Seminar and any materials. To register now or review DSBA CLE Policies, click below.
