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Corporate Transparency Act Reporting: You Can Do It – We Can Help!

By Fay L. Szakal on September 16, 2024
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The federal Corporate Transparency Act (CTA) requires many business entities to disclose information about their business ownership to FinCEN.  Healthcare entities should note that the CTA does not have an exemption for healthcare practitioners, and so small to mid-size healthcare practices of all kinds, as well as practices falling into the “friendly PC” model, are likely to be required to report under this law. This lunch hour complimentary webinar will provide practical guidance for those businesses including a review of key points of the CTA and helpful pointers to ensure legal compliance for entities with reporting requirements. Additional program information and registration link at: bit.ly/47scrMq

Photo of Fay L. Szakal Fay L. Szakal

Partner, Corporate, Healthcare and Real Estate

Fay is a results-driven corporate and business lawyer who provides general and specialized representation to small, midsized and large business entities, including for-profit and nonprofit businesses, in corporate, real estate, and healthcare transactions.

She represents clients in

…

Partner, Corporate, Healthcare and Real Estate

Fay is a results-driven corporate and business lawyer who provides general and specialized representation to small, midsized and large business entities, including for-profit and nonprofit businesses, in corporate, real estate, and healthcare transactions.

She represents clients in M&A, the formation of business entities, the transfer or sale of membership interest or ownership equity, statutory mergers, private equity deals, financing transactions, joint ventures, and other commercial transactions. Her work encompasses the drafting and negotiation of an inclusive range of corporate agreements and contracts. She also drafts and negotiates employment and consultant agreements, including within the context of acquired businesses for which the seller plays a continuing role as a consultant or employee, as well as restrictive covenants, such as non-competes and non-solicitation agreements.

Fay supports the firm’s healthcare sector clients by assisting with the formation and structuring of new healthcare entities, and with navigating New Jersey’s corporate practice of medicine doctrine. She plays a significant role in identifying potential regulatory red flags in transactions, including issues arising under the Stark Law and federal and state anti-kickback statutes.

For clients in the commercial real estate industry, Fay serves as a strategic advisor on entity formation, corporate due diligence, financing options, and the contractual allocation of risk. She is a resource for clients who wish to pursue tax incentives as a financing tool for commercial, mixed-use, and residential projects that demonstrate a financing gap. Her knowledge of the complexities of tax credits as a business development incentive extends to her work with clients interested in utilizing the New Jersey Film and Digital Media Tax Credit Program, a significant incentive designed to attract film, television, and digital media production to the state.

Fay provides comprehensive services to nonprofit entities, including 501(c)(3), (c)(4), and (c)(6) organizations such as public charities, foundations, and membership associations, to ensure that a non-profit business entity’s mission can be effectively pursued within the parameters of any applicable tax exemption. Her work for the non-profit sector encompasses entity formation and tax-exempt applications, governance and strategy guidance, operational support and general counsel services, and counseling on compliance and risk management including adherence to the New Jersey Nonprofit Corporations Act.

Results may vary depending on your particular facts and legal circumstances.

Contact information:

fszakal@greenbaumlaw.com | 732.476.3204 | vCard

For more information visit the Greenbaum, Rowe, Smith & Davis LLP website.

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  • Posted in:
    Business and Commercial
  • Blog:
    Healthcare Perspectives
  • Organization:
    Greenbaum, Rowe, Smith & Davis LLP
  • Article: View Original Source

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