Corporate Transparency Act: Rationale, Key Considerations for Family Businesses, and What Comes Next

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The video is an interview with Matt Brown, about the Corporate Transparency Act (CTA). The CTA is a new law that requires certain businesses to report information about their beneficial owners to the government. The goal of the CTA is to help combat money laundering and other financial crimes. Brown discusses the background of the CTA, the reporting requirements, and the potential penalties for non-compliance. He also provides guidance on how businesses can comply with the law. Matt Brown is a Partner at Brown & Streza LLP.

Matt heads the firm’s Tax, Trusts, & Estates Group and its Ultra-High-Net-Worth subgroup. He represents business owners and philanthropists in personal planning, business succession planning, and charitable planning. Matt is a Fellow of the American College of Trust and Estate Counsel (ACTEC) and a former adjunct professor of law at the University of California, Irvine School of Law. Matt is a Certified Specialist in Estate Planning, Trust & Probate Law by the California State Bar Board of Legal Specialization and has been included in the Top 50: Orange County Super Lawyers list every year since 2016. Matt has been quoted twice in the Wall Street Journal, twice in the Orange County Register, and in various other publications. Matt is also a frequent speaker and a published author on advanced estate planning, business succession, tax, and philanthropy topics.

Family Enterprise USA promotes generationally owned family business creation, growth, viability, and sustainability by advocating for family businesses and their lifetime of savings with Congress in Washington DC. Since 2007, Family Enterprise USA has represented and celebrated all sizes, professions, and industries of family-owned enterprises and multi-generational employers. It is a bi-partisan 501.c3 organization. Family Enterprise USA promotes family business creation, growth, viability, and sustainability by advocating for family businesses and their lifetime of savings with Congress in Washington DC. Family Enterprise USA members meet with legislators in Washington D.C., to present non-partisan intelligence, research and information on the economic impact family businesses have on the US economy and job growth, as well as the contributions they make to their communities.

For more information on FEUSA visit: https://familyenterpriseusa.com

Matt Brown

Matt Brown