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Policy & Regulatory Education Series: Corporate Transparency Act

February 7, 2023 9:00 AM - 10:00 AM (EST)

Description

Passed by Congress on January 1, 2021, the Corporate Transparency Act (CTA) is set to dramatically change reporting requirements for many small and medium-sized businesses and organizations.

For the first time ever, the legislation will mandate that qualifying businesses self-report information about the people who created, own, lead or have influence over them, as well as information about the business itself.

All the information will be added to a federally managed database with criminal penalties for violations. Failure to comply can lead to criminal charges including jail time.

    • Program 1 will cover key rules and exemptions and what they potentially mean to a business
    • Program 2 will cover strategies for complying with CTA

Impact Audience - The two groups most likely to be impacted are:

  • small businesses with less than 20 full-time employees and
  • landlords (unless they have more than 20 full time employees. Landlords can include anyone who has a real estate holding company.

The program will be led by Robert A. Hamor, attorney, Foster Swift Collins & Smith, P.C., and will cover key rules and exemptions and what they potentially mean to a business and strategies for complying with CTA. This a hybrid program that will be held in person at the Lansing Regional Chamber of Commerce and via Zoom. Those who wish to attend virtually will need to register to receive the Zoom link.

Location

Lansing Regional Chamber of Commerce (LRCC)


The Lansing Regional Chamber of Commerce offices are located on the 2nd floor of the Stadium District Building. Free parking is available behind the building, accessible via Cedar and Larch.

A virtual viewing option is also available. A Zoom link will be provided upon registration confirmation.

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Contact Information

Lansing Regional Chamber of Commerce (LRCC)
Name: Steve Japinga
Phone: (517) 487-6340
Email: sjapinga@lansingchamber.org
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