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Knowledge Exchange: Corporate Transparency Act
November 13 @ 6:00 pm - 8:00 pm
Join us for an informative session on the Corporate Transparency Act (CTA), where industry experts will provide essential insights into this new federal legislation. Attendees will learn about the reporting requirements, who must comply, and how to prepare their business for the upcoming deadlines. The event will cover key aspects such as beneficial ownership disclosure, compliance procedures, legal and financial implications, and the potential penalties for non-compliance. This session is a must-attend for business owners and executives looking to stay ahead of regulatory changes and ensure corporate transparency. A Q&A session will follow, allowing attendees to address specific concerns with experts.
*Light refreshments and food included
Register Here: https://www.eventbrite.com/e/1058652651579
Members: FREE
Non-Members: $20
Date and Time: Wednesday, November 13 · 6 – 8pm EST
Location: TD Bank, 1 Interstate Shopping Center Ramsey, NJ 07446
Open networking session will occur in the beginning and at the end of the event!
We will cover topics such as:
Overview of the Corporate Transparency Act (CTA):
Purpose and goals of the legislation
Key dates and deadlines for compliance
Who Must Report Under the CTA:
Which businesses are required to disclose beneficial ownership
Exemptions and exclusions
Beneficial Ownership Reporting Requirements:
Definition of “beneficial owner”
What information needs to be disclosed
Compliance Steps and Procedures:
How businesses should prepare for the reporting requirements
Filing processes and documentation required
Penalties for Non-Compliance:
Potential fines and legal consequences
How to avoid common pitfalls
Impact on Small and Medium-Sized Businesses:
Specific challenges and considerations for smaller companies
How to streamline compliance for resource-limited organizations
CTA and Data Privacy:
How the collected data will be used and protected
Balancing transparency with privacy concerns
Legal and Financial Implications:
How the CTA affects legal structures, trust setups, and tax considerations
Understanding the long-term impacts on business operations
Best Practices for Corporate Governance:
Improving transparency and corporate accountability beyond just compliance
How to align governance practices with new regulatory expectations
Q&A Session with Industry Experts:
Open forum for attendees to ask questions and get clarity on CTA compliance
Register Here: https://www.eventbrite.com/e/1058652651579
The Bergen County Chamber of Commerce, is an organization that helps promote business through fostering new business relationships and forming strategic alliances. The main focus of the Bergen County Chamber of Commerce will be to refer quality leads to members on a continuing basis, while promoting Bergen County as a desirable location for small and mid-sized businesses to thrive, and national and international corporate headquarters to be housed. All members have a vested “ownership” and will consistently look for ways to improve as a team.
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