Steve Legatzke Presenting on the Corporate Transparency Act at Meritas' Annual Meeting in Chicago
On May 5, 2023, Steve Legatzke will give a presentation on the Corporate Transparency Act at Meritas' Annual Meeting in Chicago. The meeting will take place at The Ritz-Carlton hotel on May 3-5, 2023.
The Corporate Transparency Act (CTA) was enacted on January 1, 2021. It establishes uniform beneficial ownership information reporting requirements for certain types of corporations, limited liability companies, and other similar entities created in or registered to do business in the United States. The CTA authorizes FinCEN, a bureau of the U.S. Department of the Treasury, to collect that information and disclose it to authorized government authorities and financial institutions, subject to effective safeguards and controls. The CTA and its implementing regulations will provide essential information to law enforcement, national security agencies, and others to help prevent criminals, terrorists, proliferators and corrupt oligarchs from hiding illicit money or other property in the United States. The CTA is part of the Anti-Money Laundering Act of 2020 (AML Act).
Steve is a Principal in Goldberg Kohn's Corporate Group. He represents clients in corporate, partnership, and individual income tax planning, structured financial transactions, debt workouts, and tax controversy matters.
Steve represents international financial institutions, REITs, REMICs, and large and mid-size domestic and foreign corporations, LLCs, and partnerships in federal and state tax planning and taxation of financial products. He has extensive experience with corporate acquisitions, dispositions, joint ventures, structured finance transactions, including securitizations, cross-border financing and leveraged leases, and tax controversy matters. He also has represented both individuals and businesses with respect to compensation tax issues, including nonqualified options, profits interests, nonqualified deferred compensation, and sections 162(m), 280G and 409A compliance.
Steve also advises lenders and debtors with respect to the tax issues arising from debt workouts, modifications, debt-equity swaps, foreclosure and cancellation of debt tax reporting responsibilities, trust fund tax penalties, and federal tax liens.
Founded in 1990, Meritas is a premier global alliance of nearly 200 top-ranking law firms located in more than 90 countries across the world. Goldberg Kohn is the Chicago member of Meritas. Meritas members are carefully selected, locally based, independent firms who know the local courts and customs and are experienced in cross-border and cross-cultural disputes and transactions. The trust and respect built across Meritas firms translates into genuine relationships and exceptional service to our clients. Meritas firms treat every referral as though it came from their best client. Like Goldberg Kohn, Meritas firms are community leaders with outstanding reputations and connections in their markets.
Operating in more than 250 markets worldwide, Meritas' extensive capabilities across key practice areas and industries are enhanced by each firm’s deep knowledge of local jurisdictional complexities. Meritas firms help clients confidently navigate the legal, social and political landscapes of markets all over the world. Goldberg Kohn and all Meritas firms must consistently meet rigorous quality standards and a stringent code of ethics. Meritas requires a continuous and comprehensive quality assurance process that starts with rigorous vetting prior to membership, and includes ongoing reporting, quality monitoring of referrals, and membership re-certification on a regular basis. With this systematic approach, clients benefit from legal expertise, consistency of service, exceptional professionalism and the assurance of a wise decision-making.
