2024 Corporate Transparency Act: Are You Ready?

8:55 Welcome and Introductions

9:00 Navigating Business Compliance Under CTA: Reporting, Exemptions, and Best Practices

Ryan W. Coffield, Van Winkle Buck Wall Starnes & Davis P.A., Asheville

In this session, learn which businesses are reporting to companies under the new law, who is exempt from filing, what is required to be included in a beneficial ownership information report, and how (and when) compliance is required. Also, discuss compliance strategies, explore best practices, and review the mechanics of the filing form.

10:30 Break

10:45 Security and the CTA^‡

Catherine Sanders Reach, North Carolina Bar Association, Cary

This session explores a CTA requirement for attorneys who are submitting on behalf of clients to obtain images of the client's driver's license. Review technology tips to help gather, send and store sensitive information to keep your client data secure.

12:15 Adjourn

‡ Indicates portion providing Technology Training credit

Thank you

Thank you for joining us for 2024 Corporate Transparency Act: Are You Ready?.

Description

The Corporate Transparency Act (CTA) came into effect as of January 1, 2024. As a result, many legal entities formed or operating in the United States are now required to file beneficial ownership information reports with the Financial Crimes Enforcement Network, a bureau within the United States Department of the Treasury. The CTA also requires that an attorney submitting on behalf of their client must obtain an image of the client's driver's license

Contributors

Ryan W. Coffield

Ryan W. Coffield is a principal at Van Winkle Buck Wall Starnes & Davis PA in Asheville. He serves as the senior attorney in the firm's business transactions practice. He focuses his practice on complex mergers and acquisitions transactions and providing general corporate counsel to firm clients. His experience in the areas of corporate and pass-through taxation allows him to provide a valuable, unique perspective on his clients' legal concerns.

While at Van Winkle, Ryan has served as lead counsel on hundreds of millions of dollars' worth of mergers, asset purchases, equity transactions, syndicated real estate offerings, private equity investments, and joint ventures. His work often includes designing tax-advantaged transaction structures, advising clients in the negotiation of deal documents, drafting private offering documents, making federal and state Reg D filings, and providing tax and secured lending opinions.

Ryan earned his B.A. in Economics and International Studis from the University of North Carolina and his J.D. and LL.M. in Taxation from Washington University in St. Louis School of Law.

Click here for more information about Ryan.
Catherine Sanders Reach

Catherine Sanders Reach is Director for the Center for Practice Management at the North Carolina Bar Association, providing practice technology and management assistance to lawyers and legal professionals. Formerly she was Director, Law Practice Management and Technology for the Chicago Bar Association and the Director at the American Bar Association's Legal Technology Resource Center.

Prior to her work at the NCBA, CBA and ABA she worked in library and information science environments for a number of years, working at Ross and Hardies as a librarian. She received a master's degree in Library and Information Studies from the University of Alabama, Tuscaloosa in 1997.

Catherine's professional activities include articles published in Law Practice magazine, Law Technology News and GPSolo Magazine, as well as numerous other publications. She has given presentations on the use of technology in law firms for national bar conferences, state and local bar associations and organizations such as the National Association of Bar Council and the Association of American Law Schools. In 2011 she was selected to be one of the inaugural Fastcase 50, celebrating fifty innovators, techies, visionaries, and leaders in the field of law and in 2013 became a Fellow of the College of Law Practice Management. She served on the ABA TECHSHOW Board from 2007-2009, 2014-2016 and is co-vice chair in 2019.

Click here for more information about Catherine. Connect with her on Twitter and LinkedIn.

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