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Join us for an informative webinar on the Corporate Transparency Act (CTA), a new federal law aimed at enhancing corporate ownership transparency for the purposes of combatting money laundering and similar financial crimes within small business entities. This session will provide a comprehensive overview of the CTA's requirements, which mandate certain corporations, limited liability companies (LLCs), and other business entities, including Community Associations, to disclose their beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN). We will explore key compliance deadlines, potential penalties for non-compliance, and steps community associations can take to prepare to comply with the new regulations. We will offer insights on implementing the new reporting obligations and provide a comprehensive explanation of the reporting process.
Key Takeaways:
- Understanding the scope and purpose of the Corporate Transparency Act
- Compliance requirements
- Reporting deadlines and penalties for non-compliance
- Best practices for navigating the new regulatory landscape
Speakers
Anna Mancino
Esquire at Chadwick, Washington, Moriarty, Elmore & Bunn PC
https://www.chadwickwashington.com/Anna Mancino is an associate attorney with Chadwick, Washington, Moriarty, Elmore & Bunn P.C. She provides general counseling and representation to community associations in a variety of contexts, ranging from organizational governance and restructuring issues to assessment collections cases, contract negotiations, and more. She assesses and provides guidance to clients on new and existing legislation, both nation- and state-wide, and she thrives in the courtroom.
Anna is actively involved with the Washington Metropolitan Chapter (“WMCCAI”) of the Community Associations Institute (“CAI”) and serves on the Chapter Events committee for the Chapter. She has published several articles regarding the Corporate Transparency Act in WMCCAI’s Quorum and the CWMEB Journal.
Michael
Sottolano
Esquire at Chadwick, Washington, Moriarty, Elmore & Bunn PC
https://www.chadwickwashington.com/attorneys/michael-sottolano/Michael A. Sottolano, Esq., is a shareholder with Chadwick, Washington, Moriarty, Elmore & Bunn, P.C. and an attorney in the firm’s Richmond (Glen Allen) office. He represents common interest community associations in Virginia and provides legal assistance to clients regarding all aspects of CIC association law, including advising board of directors in their day-to-day operations, reviewing and negotiating contracts, litigation and alternative methods of dispute resolution, drafting governing documents and amendments, reviewing and negotiating loan documents, as well as enforcement of covenant violations, addressing fair housing complaints and collection of unpaid assessments.
Michael is actively involved in several chapters of the Community Associations Institute (“CAI”), including serving on the Board of Directors for the Southwest Virginia Chapter of CAI. Previously, he served two terms on the Board of Directors for the Central Virginia Chapter of CAI (“CVCCAI”) and currently serves on the CVCCAI Community Associations Day Trade Show & Expo committee. He is also a frequent presenter at CAI events, including the 2016 CAI National Annual Conference and Exposition in Orlando, FL, the 2021, 2018, 2016, 2014 and 2012 CVCCAI Community Associations Day Trade Show & Expo, the 2016 Virginia Leadership Retreat and the 2016 Southwest Virginia Chapter of CAI Community Associations Day and Annual Tradeshow in Roanoke, VA. He has also authored several articles in CVCCAI’s Consensus, the Southeast Virginia Chapter of CAI’s blog, and the CWMEB Journal.
Community
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