About this Event
Join us for an insightful Lunch and Learn, where we will delve into the critical aspects of the Corporate Transparency Act (CTA) with expert speaker Mary Hart. Mary, a retired attorney and active real estate investor, Mary brings over 30 years of legal experience and a wealth of knowledge in estate planning, asset protection, and real estate investment.
This session will provide a comprehensive overview of the CTA, highlighting its purpose in combating money laundering and enhancing transparency. Mary will guide you through key provisions, including beneficial ownership reporting requirements, definitions of beneficial owners, and essential reporting timelines. She will focus on the impact on real estate investors, detailing the necessity for disclosing ownership information for corporations, LLCs, and certain trusts.
Learn about the entities covered, exemptions, and compliance requirements, including initial and ongoing reporting obligations. Mary will address potential challenges, such as administrative and financial burdens, privacy concerns, and the severe consequences of non-compliance, which include civil penalties of up to $591 per day, criminal penalties of up to two years imprisonment, and fines of up to $10,000.
Gain practical insights on assessing current ownership structures, implementing compliance measures, and staying informed about regulatory updates. This session is a must-attend for real estate investors seeking to navigate the complexities of the CTA and ensure full compliance.
Don’t miss this opportunity to enhance your understanding and prepare your investment strategies for the evolving regulatory landscape. Lunch will be provided. Secure your spot today!
To learn more about Mary Hart, visit www.maryhart.net.
Event Venue & Nearby Stays
Hilltop Event Center, 21 Restaurant Court, Asheville, United States