The Corporate Transparency Act’s New Beneficial Ownership Information Reporting Rule: Getting Your House In Order Before January 2024
December 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
Register here.
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.