The Corporate Transparency Act (CTA), which goes into effect January 1, 2024, is estimated to affect more than 32 million pre-existing entities in its first year and approximately 5 million new entities in 2024 and each year thereafter. The sweeping new law requires businesses with qualifying entities to disclose certain personal information about their owners and control persons. Our panelists will cover the following topics:
· Overview of the Corporate Transparency Act and its reporting requirements
· Impact of the new rules on particular client types:
o Emerging companies/VCs
o Private funds
o Sovereign wealth funds
o Financial institutions
· Challenges and concerns facing law firms representing reporting company clients
Questions? Inquiries about program materials? Contact Trenon Browne at tbrowne@bostonbar.org
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