Celesq® Programs

The Corporate Transparency Act: Key Issues and Steps to Take Now

The Corporate Transparency Act is going to change dramatically the way that founders and investors in privately-held companies interact with each other.  The CTA, once implemented, will require roughly 25 million U.S. companies to file a beneficial ownership report with FinCEN, the Financial Crimes Enforcement Network of the U.S. Treasury.  Understanding how the CTA will change the interactions between founders and investors will allow attorneys to modify the contractual relations between those parties in anticipation of the CTA coming into effect. 

What You Will Learn : 

• The categories of personally-identifiable information (PII) required for each of the company’s “company applicants” and “beneficial owners.” 
• Understanding who is a “company applicant”
• Understanding who is a “beneficial owner”
• How does “substantial control” of the reporting company relate to an individual’s status as a “beneficial owner”
• What are the 23 categories of companies that are exempt from filing a beneficial ownership report
• When is a company required to file its first beneficial ownership report
• When is a company required to amend its beneficial ownership report
• Model clauses for shareholder agreements and LLC operating agreements required for CTA compliance 

SEE PROGRAM DOCUMENTATION FOR IMPORTANT AND NECESSARY INFORMATION!

Available in States

• California
• Colorado
• Georgia
• New Jersey
• New York
• Texas Self Study

Program Categories

• Business Organizations & Contracts
• Criminal Law & White Collar
• Criminal Practice & Procedure
• Federal Courts
• Financial Regulatory
• Financial Services
• Taxation Law

PROGRAM CREDITS

• Areas of Professional Practice : 1 Credit