New Government Regulations: Changes to the Corporate Transparency Act / Meet The Small Business Award Winners

Chamber Amplified

Bob Brown and Christina Cross of Bricker Grayden join Doug Jenkins on Chamber Amplified from the Findlay-Hancock County Chamber of Commerce to discuss the changes to the Corporate Transparency Act (CTA) and its impact on businesses. They explain that the CTA aims to crack down on money laundering and terrorism ties by requiring companies to register their beneficial owners. They also provide information on the deadlines for filing and where businesses can find resources to navigate the new regulations.
Missy LaRocco of Legal Aid of Western Ohio, the Small Business Award winner for Nonprofit Champion of the year, also joins the show to share her experiences in the world of nonprofits and offers advice for getting involved.
Bricker Graydon’s article on CTA: https://graydon.law/are-you-prepared-for-the-corporate-transparency-acts-new-reporting-requirements/

FinCEN website with CTA info.: https://www.fincen.gov/boi

FinCEN CTA booklet with flowchart: https://www.fincen.gov/sites/default/files/shared/BOI_Small_Compliance_Guide_FINAL_Sept_508C.pdf
Key Topics:
[0:01:17] | Discussion on changes to the Corporate Transparency Act
[0:03:27] | Explanation of the purpose and goals of the CTA
[0:05:01] | Identification of beneficial owners and reporting requirements
[0:07:10] | Resources for finding information about the CTA
[0:08:42] | Deadlines for filing and penalties for non-compliance
[0:10:40] | Success of similar programs in other countries
[0:11:56] | Contact information for legal assistance with CTA
[0:12:59] | Financial and criminal penalties for non-compliance
0:15:07 | Missy explains the work of Legal Aid of Western Ohio
0:16:06 | Missy's passion for helping others and justice
0:17:44 | Missy's involvement in various nonprofit organizations
0:19:43 | Balancing time and resources for community involvement
0:20:38 | Missy's reaction to winning the nonprofit champion award
0:21:44 | Advice for getting involved in nonprofit work
0:22:41 | Finding balance and self-care while giving back
0:23:59 | Suggestions for creative ways to give back to the community
0:24:22 | Finding your niche and trying to do something
Music and sound effects obtained from https://www.zapsplat.com

Music and sound effects obtained from https://www.zapsplat.com