The Corporate Transparency Act - What You Need to Know to Protect Your Client
Overview
The Corporate Transparency Act requires mandatory disclosure of the beneficial owners of existing and newly formed entities. This legislation imposes new compliance requirements for existing business entities. Knowledge of this legislation and the new reporting requirements is critical for any person involved in the creation of a new business entity or advising existing business entities. More importantly, advisors must be aware of the new reporting requirements to prevent the imposition of harsh penalties. This course will provide the attendee with both knowledge of the legislation and knowledge of the exceptions to the legislation.
Highlights
- Identify the applicability of the Corporate Transparency Act to an advisor’s clients
- Understanding which entities are now required to disclose owner information
- Understand the reporting requirements of the Corporate Transparency Act
- Understanding what entities are subject to the exceptions to the Corporate Trenchancy Act
- Understanding the penalties for noncompliance
- Understanding the final rules and regulations that were recently established
Prerequisites
None
Designed For
CPAs, EAs, Attorneys, Bankers, and other financial advisors
Objectives
- To provide participants with a complete understanding of the Corporate Transparency Act and how to use such knowledge to properly advise their clients.
Preparation
None
Leader(s):
Leader Bios
Art Werner, Werner-Rocca Seminars Ltd
Arthur Joseph Werner, Esquire, is currently a shareholder in the law firm of Werner & Rocca, P.C., and in the lecture firm of Werner, Rocca & Susman Seminars, Ltd. Mr. Werner’s areas of practice include business, tax, financial, and estate planning for high net worth individuals. In addition to the practice of law, Mr. Werner is an adjunct professor of taxation in the Master of Science in Taxation program at the Philadelphia University. Mr. Werner received his B.S. in Accounting and his M.S. in Taxation from Widener University. He holds a J.D. in Law from the Delaware Law School. A member of the Pennsylvania Bar, Mr. Werner lectures extensively in the areas of Estate Planning, Financial Planning, and Estate and Gift Taxation to Certified Public Accountants and Financial Planners, and has presented well in excess of 500 eight-hour seminars over the past decade. Over the past ten years, Mr. Werner was rated as having the highest speaker knowledge in his home state of Pennsylvania by the Pennsylvania Institute of Certified Public Accountants, was awarded the AICPA Outstanding Discussion Leader Award in the State of Nevada, the Florida Institute of CPAs Outstanding Discussion Leader Award, and the South Carolina Association of CPAs Outstanding Discussion Leader Award.
Non-Member Price $109.00
Member Price $79.00