Alert! New Federal Law Impacting Your Legal Entity

The Corporate Transparency Act is requiring all reporting companies (LLC, Corporation, Partnerships and more) to file a FinCEN report with the Financial Criminal Enforcement Network (FinCEN) of the U.S. Treasury, disclosing all information about the beneficial owner(s) of the legal entity and those that created them. Failure to report in a timely manner can lead to a fine of $500/day. Beginning January 1st, 2024, the Corporate Transparency Act will begin enforcing reporting companies to file. Join us as Vistage Chair Cynthia Goro sits down with top asset protection attorney Harry Barth for an inside look at this new law and how it impacts you. Harry will reveal the types of legal entities affected and how your living revocable trust can also be impacted by this new law. You will also learn how the different types of legal entities guard against unforeseen liabilities.