The Presentation

Business Attorney Melissa Bustarde will walk you through the Corporate Transparency Act, which went into effect January 1, 2024 and applies to almost all small businesses in the United States. New entities (formed 1/1/24 or later) have been required to file this year, within 90 days of formation.  Existing entities (existing as of 12/31/22) are required to report by the end of the year. So who is subject to this law and what needs to be reported?

Topics will include:

-What entities are subject to the filing

-Exemptions to filing requirements

-What is a Beneficial Owner?

-Information required to be reported

-Updated/corrected filings

-Penalties

-Challenges to the CTA

About our Speaker:

Melissa Bustarde is a California licensed attorney and is a partner at Branfman Mayfield Bustarde Reichenthal LLP https://www.linkedin.com/in/melissa-bustarde-55037320/ www.bmbr.com.

She has been practicing transactional business law for almost 19 years.  Melissa serves small to medium-sized businesses and individuals, handling entity formation and serves as outside general counsel for her business clients. In that role, she advises her clients on corporate governance, legal compliance and contracts. She has advised hundreds of clients concerning their businesses. She also works on sales of businesses under $5 million (representing buyer or seller) in both asset and stock sales. 

Melissa strongly believes in the concept of preventative law. If deals are structured and documents are prepared correctly the first time around, it will minimize and can even avoid disputes and litigation down the road. A deal done on a handshake is no longer enough in today’s litigious sociality. She incorporates that philosophy, in addition to looking at the bigger picture, in advising all of her clients.

Melissa is past President of the North County Bar Association and is the current chair of the North County Bar Association’s Legislative Committee.