Lunch & Learn

Lunch & Learn: What is the Corporate Transparency Act (FINCEN) and does it affect my business?

Presenter: Attorney Nandita Ruchandani

Presentation Date: Thursday, May 23, 2024

The most important new rule you have never heard from FINCEN (Financial Crimes Enforcement Network) is the Corporate Transparency Act, regarding the reporting of beneficial ownership which impacts the small business owner! What is FINCEN and why does it want your company information? Come to hear our speaker and find out the answers to these and other burning questions! Come learn the answers to all your questions about this new reporting requirement. With possible civil and criminal penalties on the line, compliance is key.

The following will be covered:

  1. What is FINCEN and the Corporate Transparency Act?
  2. What is the Corporate Transparency Act supposed to do?
  3. Which business entities should definitely file and which ones are exempted?
  4. How to avoid the penalties of $591 per day by looking at who needs to file when.
  5. What happens if your company does not comply?
  6. By when do you need to comply?

Presenter: Atty. Nandita Ruchandani

Nandita Ruchandani brings nearly three decades of legal experience related to immigration, corporate law, and real estate transactions. Nandita’s corporate law services include assisting businesses with purchases and sales, leases, and contract review in Connecticut and New York. Her real estate practice encompasses purchases, refinances, and sales of commercial real estate in New York and Connecticut.

Prior to joining KPPB LAW, Nandita was a solo-practice attorney for 26 years. She is admitted in Connecticut, New York, and Washington, DC, as well as the United States District Court for the District of Connecticut.

Nandita earned her law degree from George Washington University School of law; her master’s degree in international affairs from Columbia University; and her bachelor of arts degree in political science and oriental studies from Barnard College.

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