This Corporate Transparency Act 2024 online training course is designed for all business administrative personnel. This course will explain who must report and when as well as describe what information is required to ensure reporting companies have the tools, they need to comply with the requirements of the new reporting rule.
This Corporate Transparency Act 2024 online training course explores business reporting requirements. As of January 1, 2024, federal law requires most newly formed business entities to report information to the United States government about who ultimately owns and controls them. This Beneficial Ownership Information Reporting Rule implements Section 6403 of the Corporate Transparency Act (CTA). The Reporting Rule describes who must file reports, what information they must provide, and when they must file the reports.
Congress enacted the CTA in 2021 to enhance transparency in entity structures and beneficial ownership to combat money laundering, illegal tax avoidance and other illicit activities.
Course Learning Objectives
By taking this online Corporate Transparency Act 2024 course, the user will learn to:
- Determine if your company must report to FinCEN
- Understand exemptions to the reporting requirements
- Identify the beneficial owners and company applicants of your company
- Specify and collect the information required
- Follow the timeframe and method for reporting
This online Corporate Transparency Act 2024 course is made up of the following sections:
- Reporting Companies
- Beneficial Owners
- Company Applicants
- Information to Report
- When to Report
This Corporate Transparency Act 2024 online training course was designed for business owners and administrators.
If you have any concerns as to whether this course is appropriate for you or your industry, please browse our full selection of online courses.