Navigating the Corporate Transparency Act: Impact on Real Estate Entities and Transactions – June 17th, 2024, 1:00 PM – 2:30 PM EDT
Attention real estate professionals! A must-watch premium CLE webinar is coming your way on June 17th, 2024, from 1:00 PM to 2:30 PM EDT. This 90-minute session will delve into the Corporate Transparency Act (CTA) and its significant impact on real estate entities and transactions.
Effective Jan. 1, 2024, the CTA mandates certain U.S. and foreign entities to report identifying information about themselves, beneficial owners, and company applicants to FinCEN. This new law will particularly burden real estate businesses, as many are structured through special purpose entities (SPEs) with complex ownership chains.
The webinar will explore the implications of the CTA on real estate entities, including SPEs and pooled investment vehicles, as well as its effects on real estate transactions such as lenders’ AML protocols and due diligence for investors. Additionally, the panel will discuss state laws with similar reporting requirements, such as those in New York, Pennsylvania, and potentially California.
Failure to comply with the CTA’s reporting requirements can lead to severe civil and criminal penalties, making it crucial for real estate counsel to understand the law and advise their clients accordingly. The expert panel will provide insights on exemptions, best practices for compliance, and how to navigate the new reporting landscape.
Don’t miss this encore presentation with live Q&A, where you can get your burning questions answered by industry experts. Stay ahead of the curve and ensure your real estate transactions are compliant with the CTA. Register now for this informative webinar on June 17th!
