Description
Under the Corporate Transparency Act (CTA) – this NEW, MANDATORY Federal Law Requires EVERY Small Business in the U.S. – including Government Contractors (with revenues of $5 million or less, OR with 20 employees or fewer) to provide Beneficial Ownership Information (BOI) to the Federal Government (the Financial Crimes Enforcement Network, or FinCEN) or risk substantial fines of $500 per day for noncompliance.
In this ON-DEMAND Webinar, Government Contracts Expert Brad Reaves explains how to COMPLY with the CTA and AVOID the $500 per day fine for non-compliance.ย Brad will explain, in plain language:
1) Details of the CTA and Compliance – Who Needs to File???
2) The timing requirements for filing – When Must we file??
3) Beneficial Ownership Information (BOI) – What do we Report??
4) Details on Reporting and Compliance for existing businesses
5) Details on Reporting and Compliance for NEW entities created in 2024
6) When and How to Report Changes in Ownership




