Events aim to facilitate awareness and understanding of new beneficial ownership rule
Wolters Kluwer has launched a series of informational webinars with industry associations to foster greater awareness and understanding of requirements in complying with the new “beneficial ownership information” reporting rule under the U.S. Corporate Transparency Act that went into effect at the beginning of 2024.
Associations hosting informational webinars and other forms of outreach in January include the National Small Business Association; the National Federation of Independent Business; the International Franchise Association; and America’s Credit Unions.
Presenters will provide an overview on the Corporate Transparency Act, details on the beneficial ownership rule, and specific requirements for beneficial ownership information reporting including recent updates. They will also preview the functionality driving Wolters Kluwer’s recently launched Beneficial Ownership Platform, which features a secure, streamlined workflow to simplify filing and compliance for both single entity as well as multiple entity filers. The intuitive, five-step workflow dramatically increases efficiency, reduces the risk of incorrect filings, and offers a secure hosting environment for uploading, storing, and updating beneficial ownership information.
“The beneficial ownership rule represents an entirely new and mandatory reporting requirement for millions of U.S. companies, including many types of businesses,” said Steven Meirink, CEO of Wolters Kluwer’s Financial & Corporate Compliance division. “We believe that partnering with industry associations through educational webinars like these can go a long way in helping increase awareness of and compliance with this significant new reporting rule.”
Wolters Kluwer continues to be engaged in developments around the beneficial ownership information rule, promoting the sharing of best practices among all industry participants. The company has created a range of helpful resources—such as an easy-to-use self-guided eligibility quiz, webinar presentations, and content—to ensure impacted entities can effectively prepare for and navigate the new requirements within the target timeframe to meet their initial and ongoing compliance obligations. More information is available on the dedicated Wolters Kluwer resource page, “Beneficial Ownership Information Compliance from CT Corporation” including educational resources that partners can share with their membership.