CTA Compliance Update and Issues

Description: The Corporate Transparency Act becomes effective 1/1/2024. This program will present a brief recap of the requirements of the CTA and then focus on some open questions, such as: 

• Who is the applicant when more than two people are involved? 

• Who are the beneficial owners of shelf companies or newly created entities that do not yet have owners? 

• Which law firms must comply and file on their own behalf?

• Should we attorneys point our clients to service companies to assist them with their CTA compliance?

The program will also cover the New York LLC Transparency Act: What is its status and how might it create additional issues?

Speakers:      

AnnaLou Tirol, Esq. – O'Melveny & Myers (Washington DC); former Deputy Director of FinCEN

Robert W. Downes, Esq. – Sullivan & Cromwell (New York, NY)

Michael Barr – CEO, United Corporate Services, Inc.

Thomas M. Pitegoff, Esq. – Offit Kurman (New York, NY)

 Note: For an overview of the basic requirements of the CTA see:

https://nysba.org/products/the-corporate-transparency-act-part-2/