The Corporate Transparency Act’s New Beneficial Ownership Information Reporting Rule: Getting Your House In Order Before January 202412月 7, 2022
The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) recently issued a final rule requiring legal entities to report their beneficial ownership information (BOI) to the US government. The rule, which goes into effect January 1, 2024, is expected to affect about 32.6 million companies. It also establishes more than 20 exemptions to the reporting requirement. A follow-on rule detailing who can access the BOI collected by FinCEN, and for what purpose, is imminent.
You may very well be wondering: How on earth do I know if the rule applies to me? And, if it does, what do I need to do to satisfy the reporting requirements or qualify for an exemption?
Lucky for you, one of our newest partners AnnaLou Tirol, former FinCEN Deputy Director, has the 411. AnnaLou joins O’Melveny partners William K. Pao, Scott Sugino and Wenting Yu to discuss Treasury’s new BOI regime, how it applies to different corporate structures, and what you can do now to ensure compliance by 2024.
The Corporate Transparency Act’s New Beneficial Ownership Information Reporting Rule: Getting Your House In Order Before January 2024
Wednesday, December 7
1:00 am - 2:00 pm PST
3:00 pm - 4:00 pm CST
4:00 pm - 5:00 pm EST
For questions about the event, please contact Rachel Cohen.
This program is eligible for 1.0 hour of General CLE credit in California and Texas and 1.0 hour of Professional Practice CLE credit in New York. O’Melveny & Myers LLP is an accredited provider of CLE in California, New York and Texas. CLE applications will be filed in other jurisdictions upon request. In general, O'Melveny is unable to offer Pennsylvania CLE credit at this time.
Thank you for your interest. Before you communicate with one of our attorneys, please note: Any comments our attorneys share with you are general information and not legal advice. No attorney-client relationship will exist between you or your business and O’Melveny or any of its attorneys unless conflicts have been cleared, our management has given its approval, and an engagement letter has been signed. Meanwhile, you agree: we have no duty to advise you or provide you with legal assistance; you will not divulge any confidences or send any confidential or sensitive information to our attorneys (we are not in a position to keep it confidential and might be required to convey it to our clients); and, you may not use this contact to attempt to disqualify O’Melveny from representing other clients adverse to you or your business. By clicking "accept" you acknowledge receipt and agree to all of the terms of this paragraph and our Disclaimer.