The Corporate Transparency Act – Reporting Considerations for Health Care Entities
Join Hall Render attorneys John Bowen and Eric Speer for a webinar on March 26 covering the Corporate Transparency Act (“CTA”). As of January 1, 2024, many privately-owned entities are exposed to ongoing disclosure and reporting obligations required by the CTA. The goal of the CTA is to strengthen national security and the integrity of the U.S. financial system by making it more difficult for illicit actors to use shell companies for money laundering, terrorism, tax evasion and other financial crimes. While privately-owned entities and their shareholders have historically enjoyed a degree of confidentiality regarding their internal affairs, the CTA subjects many entities, including health care providers, to new reporting requirements and exposure to significant financial penalties for non-compliance. The CTA is estimated to affect over 32 million entities.
This webinar provides background information on the CTA and the associated reporting obligations. In addition, our speakers will discuss considerations specific to health care entities, including the most applicable exemptions, the potential impact on joint ventures and best practices for ensuring ongoing compliance.
