PHILADELPHIA — Stradley Ronon provided an overview of the Corporate Transparency Act (CTA) and its new beneficial ownership reporting requirements in a virtual presentation January 30.
The presentation, “Unpacking the Corporate Transparency Act,” reviewed which entities are subject to reporting requirements, who counts as a beneficial owner and what level of substantial control is required, how to calculate the 25 percent ownership test and what constitutes a filing entity. The multidisciplinary panel of presenters included counsel John Baker and partners Lisa Jacobs, Lori Smith and David Winkowski.
The event is part of the latest efforts by Stradley Ronon’s CTA Task Force, a group of the firm’s lawyers assembled to provide guidance on the act and its compliance requirements. Members of the task force were present to answer questions from attendees.
About Stradley Ronon
Counseling clients since 1926, Stradley Ronon has helped private and public companies — from small businesses to Fortune 500 corporations — achieve their goals by providing pragmatic, value-driven legal counsel. With offices in eight strategic locations, our responsive team of more than 200 lawyers seamlessly addresses the full spectrum of our clients’ needs, ranging from sophisticated corporate transactions to complex commercial litigation.