Beneficial Ownership Webinar

Join the National Federation of Independent Business Owner's Director of Federal Government Relations, Josh McLeod, for a virtual event about Beneficial Ownership reporting requirements and NFIB's support of the Repealing Big Brother Overreach Act, a bill introduced to repeal the Corporate Transparency Act (CTA). 

 

This event is FREE but advanced registration is required.
 

On January 1, 2024, corporations, LLCs, or similar entities with 20 or fewer employees and $5 million or less in sales were required to register their beneficial ownership information with the Financial Crimes Enforcement Network (FinCEN). Failure to comply with the CTA could result in civil penalties of up to $10,000 fine and criminal penalties of up to 2 years in prison. Rep. Warren Davidson and Sen. Tommy Tuberville have introduced legislation to repeal the burdensome beneficial ownership requirements on small businesses. 

 

Where: Virtual, via Microsoft Teams

Josh McLeod is Director of Federal Government Relations at NFIB, the nation’s leading small business advocacy organization. In this role, Josh oversees the organization’s regulatory portfolio. Josh came to NFIB after spending nearly 12 years in the U.S. Senate, working for Senator Ron Johnson. Josh lives in Virginia with his wife and three children.

 

Beneficial Ownership reporting occurs on FinCEN’s electronic filing portal and is completely free. There is no need for any business to work with an outside third party for filing. Any business approached, encouraged, or told they must do so should disregard that advice immediately. Please contact the NFIB's Small Business Legal Center at info@nfib.org with any suspicious Beneficial Ownership scams or stories.