Beginning in 2024 millions of companies, corporations, limited liability companies and partnerships will be required to report identities of owners, those controlling the business and others
This course is designed to instruct those who own or advise small businesses regarding their responsibilities under the Corporate Transparency Act. This is a new law with reporting requirements beginning in 2024. Subject companies will be required to provide detailed information about the people who own, control operations, or helped establish the entity.
This will be an ongoing obligation to update information. This will be administered by the Financial Crimes Enforcement Network which is a bureau of the Treasury. Failure to provide reports can result in fines of $500 per day and potential criminal action as well.
Richard Winblad is a lifelong Oklahoma City Metro resident with a law practice includes Estate Planning, Probate, Elder Law and Land Title issues. In 1984, Richard graduated from OSU with an undergraduate degree in Business and earned a Law Degree from the University of Oklahoma in 1992. His practice is based in Edmond and is held in a beautiful pre-statehood home close to UCO at 102 E. Thatcher. He is NARO member, Oklahoma County Bar and the Oklahoma Bar Associations. He received an AV Preeminent® rating by his peers through Martindale-Hubbell® Peer Review Ratings™. Richard has provided educational presentations around the state to attorneys and non-attorneys.
Professional development requirements vary by profession, country, and regulatory body. Before enrolling, review the course details and confirm that the content, learning format, and any listed credits meet your specific requirements. You are responsible for confirming eligibility with your regulator or professional association and keeping the records required for reporting.
