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Despite Court Rulings, Most Businesses Must Comply with the CTA

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Manage episode 418533748 series 1424031
Konten disediakan oleh Wolters Kluwer. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Wolters Kluwer atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.
Expert Insights has a podcast series on helping business leaders understand how to comply with the Corporate Transparency Act (CTA) and its Beneficial Ownership Information reporting requirements.
In March, a federal judge in Alabama declared the CTA unconstitutional. So does this mean that non-exempt businesses are no longer required to comply? Absolutely not. CT Corporation Associate Director of Government Relations Mike Powell joins us to explain the court ruling and why it actually impacts very few businesses.
Powell also addresses concerns that the reporting requirements are overwhelming for some business owners and whether the government will be aggressively penalizing businesses that do not comply correctly.
For more information and resources: https://www.wolterskluwer.com/en/solutions/ct-corporation/resources/corporate-transparency-act-resources
  continue reading

153 episode

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iconBagikan
 
Manage episode 418533748 series 1424031
Konten disediakan oleh Wolters Kluwer. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Wolters Kluwer atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.
Expert Insights has a podcast series on helping business leaders understand how to comply with the Corporate Transparency Act (CTA) and its Beneficial Ownership Information reporting requirements.
In March, a federal judge in Alabama declared the CTA unconstitutional. So does this mean that non-exempt businesses are no longer required to comply? Absolutely not. CT Corporation Associate Director of Government Relations Mike Powell joins us to explain the court ruling and why it actually impacts very few businesses.
Powell also addresses concerns that the reporting requirements are overwhelming for some business owners and whether the government will be aggressively penalizing businesses that do not comply correctly.
For more information and resources: https://www.wolterskluwer.com/en/solutions/ct-corporation/resources/corporate-transparency-act-resources
  continue reading

153 episode

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