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The Beneficial Ownership Report and the Corporate Transparency Act – What It Means for Small- to Medium-Sized Businesses


Total Credits: 1 including 1 Business Law - Technical

Average Rating:
   73
Categories:
Partner Produced
Faculty:
Mark R. High
Course Levels:
Intermediate
Duration:
1 Hour
License:

Dates


Description

Beginning January 1, 2024, regulations go into effect for the Corporate Transparency Act (CTA). According to FinCEN, it “establishes uniform beneficial ownership information reporting requirements for certain types of corporations, limited liability companies, and other similar entities created in or registered to do business in the United States.” Reporting companies will be required to file personal identifying information regarding a company’s principal owners and controlling officers in the form of a Beneficial Ownership Report. This session discusses management of the Act’s requirements and what it means for you and your clients.

Basic Course Information

Learning Objectives
  • Understand the entities subject to CTA reporting
  • Recognize the information required to be disclosed under the CTA
  • Summarize information that must be reported and discuss how to comply with the CTA

Major Subjects
  • Purpose of the CTA
  • The applicability of the CTA to clients
  • The manner of reporting required under the CTA
  • Timeframes for when beneficial owner reporting must be filed with FinCEN

Course Materials

Faculty

Mark R. High Related Seminars and Products


Mark R. High is a Member in the Detroit, Michigan, office of Dickinson Wright PLLC, a commercial law firm of approximately 500 attorneys with offices in ten states, Washington, D.C., and Ontario.  He practices in the areas of business law, corporate finance, corporate governance, and international transactions.  Mr. High has been practicing law for more than 35 years and represents both public companies and closely held businesses, as well as the U.S. operations of Canadian and other foreign companies.  Mr. High received a B.A. degree with honors from The College of Wooster (Ohio) and his J.D. degree from Duke University School of Law. 

For the past 12 years, Mr. High has been President of the Canada-U.S. Business Association, based in the Southeast Michigan/Southwest Ontario region.  He is a past chairperson of the Business Law Section of the State Bar of Michigan, and has been active in the American Bar Association's Section of Business Law.  He has spoken at American Bar Association, Institute of Continuing Legal Education (ICLE), Ethics Compliance Officers Association, Michigan Business Law Section, and Michigan International Law Section events, and various commercial seminars, and has published numerous articles in ABA, IBA, ICLE, State Bar, Practical Lawyer, and other legal publications. 

In the fall of 2022, Mr. High became the 20th recipient of the Steven H. Schulman Outstanding Business Lawyer Award, awarded annually by the Business Law Section of the State Bar of Michigan.

Mr. High served on the ICLE Business Law Advisory Board for 10 years and is a co-author of the Michigan section of Practical Law’s Corporate Law:  State Q&A Tool.  He is consistently listed among the top business lawyers in Michigan in the Chambers, Legal 500, Best Lawyers, DBusiness, and SuperLawyers publications, and has been named Best Lawyers’ Michigan Lawyer of the Year for Corporate Governance Law in 2019, 2021, and 2022.


Additional Info

Basic Course Information

Prerequisites

None


Advanced Preparation

None


Designed For

Advisors working with closely held businesses.


Original Recording Date

04/2023


Yellow Book

No


Course Developer

MICPA


Date Added to Catalog

03/03/2023


Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints.  anne.taylor@acpen.com, (972-377-8199).


Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org


Instructional Delivery Method

Group Internet Based


Course Registration Requirements

Online Registration


Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.


Reviews

5
4
3
2
1

Overall:      4.6

Total Reviews: 73

Comments

David H - San Angelo, Texas

"Very helpful "

Jeffrey H

"Good course and very timely. "