We are jumping in mid-month to discuss a very important topic for business owners, it’s the Corporate Transparency Act. Failure to comply could result in federal fines of $500 per day.

The Corporate Transparency Act (CTA) mandates that non-exempt businesses file a Beneficial Ownership Information (BOI) report by December 31 to complete a new federal requirement unless you are exempt. You need to find out if you are exempt or file the BOI. This report identifies information about the individuals who directly or indirectly own or control a company.

Martin Medeiros, a Shareholder at Buckley Law with more than 20 years of experience, explains everything you need to know if you are one of the businesses needing to comply with the CTA.

Important Links and Terms to Know

FinCEN: https://www.fincen.gov/boi

More about CTA: https://www.buckley-law.com/articles/cta/

Beneficial Ownership Information (BOI)

Financial Crimes Enforcement Network (FinCEN) - Beneficial Ownership Information Reporting | FinCEN.gov

Corporate Transparency Act — What You Need to Know | CO- by US Chamber of Commerce

Martin Medeiros’s practice area encompasses a range of services to clients including business formations and transactions, intellectual property, technology applications and IT, business succession management, privacy and security, and copyright and trademark law.

Buckley Law is instrumental in scheduling the Kruse Way Economic Forum, presented two times each year in the fall and spring. The next one is Wednesday, October 23. Doors open at 7:30 am, the program begins at 8 am, concluding at 9:30 am. Please make your reservations through 2024 Fall Kruse Way Economic Forum Tickets, Wed, Oct 23, 2024 at 7:30 AM | Eventbrite

Location: Kruse Way Conference Center, 5300 SW Meadows Road, Lake Oswego – plenty of free and easy parking

Tickets are $20 each.

Economic Prospects for the Northwest with Jake Procino, Workforce Analyst/Economist – Multnomah County, Oregon Employment Department

Lake Oswego Chamber of Commerce Website

Visit us in downtown Lake Oswego on the second floor of CENTRL Office in the Ironlight building. 525 3rd St Suite 201, Lake Oswego, OR 97034

We offer a wide range of membership tiers and benefits, so browse through our options on our website and pick the one that’s right for your business or organization.

Questions? Call 503-636-3634

For help with your own Podcast Show contact Michelle O’Dell, Modcast Productions michelle@modcastproductions.com