Texas Trust Law Attorney Zachary Wiewel discusses the Corporate Transparency Act
We are always thrilled when one of our attorneys is featured in industry leading publications. Recently Zachary Wiewel was featured in a NAV.com article discussing the increasing importance of the Corporate Transparency Act.
The Corporate Transparency Act (CTA) became effective on January 1, 2021, but has just now entered its implementation phase. It is a federal law that imposes stringent reporting requirements on business entities. Zach discusses who must make the required reporting and what they must report. He also breaks down the potential penalties for non-compliance. This act and its requirements may have a significant impact on those individuals and families that maintain LLCs and other corporate vehicles in their estate planning.
We hope you take a moment to read this informative article.
Texas Trust Law Attorney Zachary Wiewel discusses the Corporate Transparency Act can be found at the link below:
If you would like to learn more about Zachary Wiewel, JD, LL.M. (Tax) please visit his bio.
WHY WE DO WHAT WE DO
Meetings with attorneys always seem to deal with the WHAT and HOW of estate planning and probate. At Texas Trust Law we call ourselves The Peace of Mind People®. We want to take a moment and tell you WHY we do what we do.
Here is the WHY of Texas Trust Law: We LOVE taking complex legal concepts and making those understandable to our clients and their advisors so they can take action. That then allows us to bring peace of mind to our clients and their family if they become incapacitated, at death, and when they are concerned about protecting themselves, their wealth, and their loved ones from predators, problematic family members and the IRS.