CT Expert Insights Wolters Kluwer

Expert Insights has a podcast series on helping business leaders understand how to comply with the Corporate Transparency Act (CTA), and specifically, how to file Beneficial Ownership Information reports.

We begin by examining whether your business is exempt from this requirement. Today, CT Corporation Vice President and Head of Corporations Domingo Vazquez explains which entities qualify for exemptions, with a special focus on large operating companies, subsidiaries of exempt companies, and inactive entities.  

For more information and resources: 
https://www.wolterskluwer.com/en/solutions/ct-corporation/resources/corporate-transparency-act-resources

The Corporate Transparency Act (CTA) is now in effect and tens of millions of business owners are required to comply with it by filing Beneficial Ownership Information reports. But which businesses need to file these reports and which ones are exempt? What information must be submitted to comply with the CTA? And why might a third party provider be a good way to ensure you are in compliance? CT Corporation Publications Attorney Sandra Feldman has those answers and many more in our new podcast.

For additional information and resources:
https://www.wolterskluwer.com/en/solutions/ct-corporation/beneficial-ownership-information

Dissolution is not a topic many business owners like to think about, but if the time comes, it's important to know what to expect. In this edition, CT Corporation Account Manager Mike Enright explains the different types of dissolution and how to approach that decision as a corporation or an LLC. He also walks us through the formal steps of dissolution in most states and what information you'll need to complete the process.

For additional information and resources, please visit:

https://www.wolterskluwer.com/en/expert-insights/the-administrative-dissolution-and-reinstatement-of-business-entities

https://www.wolterskluwer.com/en/solutions/ct-corporation/business-entity-dissolution-or-withdrawal

Engineering firms must navigate a number of government regulations, and that includes obtaining a business license. CT Corporation's Hans Howk walks us through the regulatory environment for engineering businesses, what the process for getting a business license looks like, and the significant consequences for non-compliance.

For more information and resources:
https://www.wolterskluwer.com/en/expert-insights/business-license-pitfalls-for-architecture-and-engineering-companies

Before you start building your architecture business, make sure you have the proper licensing and other compliance in place. CT Corporation Content Management Associate Claire Corbin explains what you need to do to acquire your license, some of the rules you need to follow when naming your business, what the penalties are for non-licensure, and much more.

For additional information and resources:
https://www.wolterskluwer.com/en/expert-insights/architecture-firm-business-licensing-and-other-legal-requirements

In late September, the Financial Crimes Enforcement Network, or FinCEN, finally released specifics on how small businesses need to comply with a new reporting rule through the Corporate Transparency Act. CT Corporation Publications Attorney Sandra Feldman explains what information the government requires, which businesses are exempt, and when you need to have all of your information submitted.

For addition information, please visit:
https://www.wolterskluwer.com/en/expert-insights/fincen-issues-final-rule-implementing-the-reporting-requirements-of-the-corporate-transparency-act