Corporate Transparency Act Webinar November 21, 2024
The meeting, offered through the Nutmeg State Chamber Alliance (the unique partnership with the Midstate Chamber of Commerce & Hamden Regional Chamber of Commerce) included an in-depth discussion of the Corporate Transparency Act and its implications for businesses. The Act’s requirements for filing beneficial ownership information reports with the Financial Crimes Enforcement Network were explained, including exemptions, deadlines, and potential penalties for non-compliance. The conversation ended with clarifications on the filing process and a brief discussion about the potential future of the Act.