Description

Time is ticking to come into compliance with the Corporate Transparency Act! New federal regulations have been implemented in 2024, requiring most businesses to file a beneficial ownership information (BOI) report to FinCEN. The deadline for filing the BOI Report is fast approaching for most US companies. Failure to comply with this law can result in fines of over $500 per day as well as criminal penalties. This presentation will provide an in-depth explanation of who is affected, the specific information that must be reported, and the necessary steps your business can take to achieve full compliance with the Corporate Transparency Act.

Bios:

Natalie Folmar is a Corporate Attorney with Tuggle Duggins. She frequently advises clients on entity formation, the purchase and sale of businesses, succession planning and general contract matters. With over 15 years of experience in corporate law, she has successfully advised clients on multi-million-dollar transactions. Natalie is a frequent speaker on a variety of corporate law topics and is an adjunct professor at Elon University School of Law.

Madison Boyer is an Associate Attorney at Tuggle Duggins, where she practices corporate law and estate planning. She has recently been focused on issues related to compliance with the Corporate Transparency Act and helping clients navigate complex regulatory landscapes. Madison enjoys helping business owners achieve their goals at every stage of their business growth.

*This event is in collaboration with Tuggle Duggins and the Business High Point's Government Affairs.