Entity Disclosure and You: The Purpose, Scope and Effect of the Corporate Transparency Act
Christopher M. Floss - ArentFox Schiff
The Financial Crimes Enforcement Network (FinCEN) issued final regulations in September 2022 regarding the implementation of the “Corporate Transparency Act.” Effective January 1, 2024, disclosure to FinCEN of beneficial ownership information for certain types of entities will be mandatory. This presentation will address the purpose, scope and effect of the new disclosure requirement.
Christopher M. Floss
Christopher Floss focuses his practice in the following areas: estate planning; estate and trust administration; income, gift, and estate tax planning; and business succession planning. He helps clients discern their wealth transfer objectives and implement structures that fit those objectives. Chris also advises clients in the post-death administration of estates and trusts, and enjoys forming long-term relationships with his clients as a trusted advisor who is available for counsel during life’s transitions.
In addition to his career in private practice, Chris gained experience in the administration of high-net-worth trusts while serving as a senior trust officer of a major national corporate fiduciary. A prolific writer, Chris founded and manages “Planning Your Future,” a blog that covers tax and estate planning news and trends. As a graduate student in Rome, he served in the United States Air Force Reserve’s Chaplain Candidate Program. He is a member of the American Bar Association, Chicago Bar Association, Chicago Estate Planning Council, and University Club of Chicago. Also, a former associate board member of Goodcity Chicago. He has presented to several religious and civic organizations regarding estate planning, including the Archdiocese of Chicago.
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