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"The Bright Light of the Corporate Transparency Act"

  • Wednesday, September 20, 2023
  • 3:30 PM - 4:30 PM
  • Norfolk Courthouse - First Floor Conference Room

Registration is required.NPBA Members: Free
Not yet NPBA Members: $30.00 (1 CLE Credit)


The Corporate Transparency Act (“CTA”) is a relatively new law that takes effect on January 1, 2024, and requires, for the first time, filings to be made to the federal government for new (and existing) entities. The purpose of the CTA is to establish a “clear, universal standard” for incorporation practices and to protect U.S. national security interests by reducing U.S. vulnerability to wrongdoings by entities with hidden owners.

 This presentation will discuss the following:

  • The CTA’s broad application (applies not only to the formation of new companies, but also retroactively applies to existing companies).
  • The purpose of the CTA.
  • The CTA’s general reporting requirements for “Reporting Companies,” “Beneficial Owners,” and “Company Applicants.”
  • Entities that are exempt from the CTA’s reporting requirements.
  • Civil and criminal penalties for failure to file a timely report.

 Areas of Law: Corporate and Business Formation

22 Person Limit due to capacity

Presenters:  Ray W. King, Woods Rogers Vandeventer Black PLC

Gaela R. Normile, Woods Rogers Vandeventer Black PLC

Number of CLE hours:  1

Must be present at the start of the CLE program until the end in order to received credit(s).

Additional Details:

Please contact bar association staff at (757) 622-3152 or email if you have any questions.

*Application for approval for this course or program is pending with the Virginia Mandatory Continuing Legal Education Board.