Can CPAs and Wealth Advisers Advise Clients on the CTA Without Committing the Unauthorized Practice of Law?

Corporate Transparency Act (CTA) filings for entities formed before 2024 are due on or before December 31, 2024. It appears that most of the estimated 32 million Reporting Companies have not yet filed. What role can CPAs and wealth advisers serve in the CTA process without violating the rules against the unauthorized practice of law (UPL)? With input from a practicing CPA and wealth adviser, this webinar will discuss practical implications of advising on the CTA without violating the UPL rules. We will discuss recent guidance issued by three states: Iowa, New Jersey and Maryland. What sources of information might CPAs review to provide advice? What and to what extent might non-lawyers consider the provisions in governing legal documents? What should be addressed in engagement letters? How can CPAs and wealth advisers draw a safe “line” as to how far they can go (and the rules appear to differ for CPAs and wealth advisers)? Why should CPAs and wealth advisers not merely punt and refuse to offer clients any information on the CTA? These points and more will be discussed.  

Speakers: Martin Shenkman, Esq., Walter Primoff, CPA and Larry Rybka, Esq.

*This may constitute attorney advertising.

* No CPE, CLE, etc. is offered but a certificate of attendance will be provided.