Beneficial ownership

Wolters Kluwer Experts to Provide Insights on U.S. Corporate Transparency Act Compliance

Retrieved on: 
Monday, April 8, 2024
Professional Services, Business, Other Professional Services, Legal, Consulting, Accounting, Beneficial ownership, Environment, Associate, Wolters Kluwer, Risk, CTA, CT Corporation, EDT, Disclosure, Product management, Corporate transparency, Property management

Experts from Wolters Kluwer CT Corporation are set to offer insights on how new beneficial ownership reporting requirements under the U.S. Corporate Transparency Act (CTA) are impacting U.S. trusts, nonprofits, startups and subsidiaries in a webinar Thursday, May 2, 1-2 pm EDT.

Key Points: 
  • Experts from Wolters Kluwer CT Corporation are set to offer insights on how new beneficial ownership reporting requirements under the U.S. Corporate Transparency Act (CTA) are impacting U.S. trusts, nonprofits, startups and subsidiaries in a webinar Thursday, May 2, 1-2 pm EDT.
  • Our presenters will discuss these issues in detail to help impacted businesses comply with the new reporting requirements,” said Rupak Venugopal , Vice President, Beneficial Ownership, Wolters Kluwer Financial & Corporate Compliance.
  • Presenters include two experts from Wolters Kluwer CT Corporation - Sandra Feldman , Publications Attorney, and Anirudh Koshi John , Associate Director of Product Management.
  • More information is available on the dedicated Wolters Kluwer resource page, “ Beneficial Ownership Information Compliance from CT Corporation .”
    For more information about Wolters Kluwer, please visit: www.wolterskluwer.com .

Gannett Announces Nomination of Independent Candidate to Board of Directors

Retrieved on: 
Friday, March 29, 2024
Other Communications, Publishing, Media, Marketing, Advertising, Communications, General Entertainment, Entertainment, Annual report, Apple Inc., Beneficial ownership, Apple, Communication, Computer, Name, Annual general meeting, Bloomberg L.P., Security (finance), Reed, NBCUniversal, Digital, Multimedia, The Wall Street Journal, GCI, LP

Gannett Co., Inc. ("Gannett", "we", "us", "our", or the "Company") (NYSE: GCI) today announced that its Board of Directors has nominated Maha Al-Emam , a former advisor for Warner Bros.

Key Points: 
  • Gannett Co., Inc. ("Gannett", "we", "us", "our", or the "Company") (NYSE: GCI) today announced that its Board of Directors has nominated Maha Al-Emam , a former advisor for Warner Bros.
  • If elected, Ms. Al-Emam will join the Board of Directors as of such date.
  • In addition, Maria M. Miller will not stand for re-election at Gannett's 2024 Annual Meeting of Stockholders.
  • View the full release here: https://www.businesswire.com/news/home/20240329194029/en/
    “We are pleased to announce Maha’s nomination and excited at the prospect of welcoming her to the Board,” said Michael Reed, Chairman and Chief Executive Officer of Gannett.

Wolters Kluwer expert provides insights on Beneficial Ownership reporting requirements for trusts

Retrieved on: 
Thursday, March 21, 2024
Legal, Finance, Consulting, Banking, Accounting, Professional Services, Small Business, Asset Management, Other Professional Services, Beneficial ownership, BOI, Wolters Kluwer, CTA, CT Corporation, Interview, Financial Crimes Enforcement Network, Small business, Trustee, Hearing

“The eligibility of trusts for Beneficial Ownership Information reporting is complicated due to the expansive nature of them,” explains May.

Key Points: 
  • “The eligibility of trusts for Beneficial Ownership Information reporting is complicated due to the expansive nature of them,” explains May.
  • Wolters Kluwer has recently published a white paper clarifying the circumstances under which trusts and the reporting companies they manage must conform to the new BOI reporting requirements.
  • Reporters wishing to arrange an interview on with Wolters Kluwer experts on this topic are invited to contact David Feider , Associate Director, External Communications, Wolters Kluwer FCC.
  • More information on navigating the new beneficial ownership reporting requirements is available on the Wolters Kluwer resource page, “ Beneficial Ownership Information Compliance from CT Corporation .”
    For more information about Wolters Kluwer, please visit: www.wolterskluwer.com .

LegalZoom Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Thursday, February 22, 2024
Investment, Growth, Beneficial ownership, Business license, Government, LZ, Ecosystem, Video game

1 choice in online small business formations, today announced results for its fourth quarter and year ended December 31, 2023, including the following highlights:

Key Points: 
  • 1 choice in online small business formations, today announced results for its fourth quarter and year ended December 31, 2023, including the following highlights:
    Revenue was $158.7 million for the quarter, up 8% year-over-year.
  • Transaction revenue was $51.9 million for the quarter, compared to $55.3 million in the same period in 2022, down 6% year-over-year.
  • Subscription revenue was $106.7 million for the quarter, compared to $91.4 million in the same period in 2022, an increase of 17% year-over-year.
  • Free cash flow was $14.1 million for the quarter ended December 31, 2023 compared to $16.2 million in the same period in 2022.

Wolters Kluwer expert to speak on Corporate Transparency Act panel at SFVegas

Retrieved on: 
Monday, February 26, 2024
Legal, Technology, Finance, Consulting, Fintech, Accounting, Professional Services, Small Business, Software, Wolters Kluwer, Beneficial ownership, SFA, CT Corporation, Organization, CTA, Trustee

He will be participating in the panel, “Policy Watch: Corporate Transparency Act,” on February 27, 2024.

Key Points: 
  • He will be participating in the panel, “Policy Watch: Corporate Transparency Act,” on February 27, 2024.
  • The panel will feature experts discussing the new beneficial ownership rule that went into effect at the beginning of this year.
  • As part of the U.S. Corporate Transparency Act (CTA), the rule will impact approximately 32.6 million reporting companies in 2024, with an additional five million new reporting companies moving forward.
  • More information is available on the dedicated Wolters Kluwer resource page, “ Beneficial Ownership Information Compliance from CT Corporation .”

Wolters Kluwer's Legisway enhanced to support Beneficial Ownership Information

Retrieved on: 
Monday, February 5, 2024
Financial Crimes Enforcement Network, File, Tax, CTA, Beneficial ownership, BOI, FCC, Intellectual property, CCH, Risk, Software as a service, TAA, Organization, Security (finance)

NEW YORK, Feb. 5, 2024 /PRNewswire/ -- Wolters Kluwer's Legal & Regulatory division is introducing beneficial ownership information (BOI) functionality to Legisway, the company's award-winning and all-in-one SaaS legal information and contract management solution for corporate legal departments. The new feature enables U.S. Legisway customers that are impacted by the beneficial ownership reporting rule under the Corporate Transparency Act (CTA) to identify and curate their BOI through a familiar interface.

Key Points: 
  • NEW YORK, Feb. 5, 2024 /PRNewswire/ -- Wolters Kluwer 's Legal & Regulatory division is introducing beneficial ownership information (BOI) functionality to Legisway , the company's award-winning and all-in-one SaaS legal information and contract management solution for corporate legal departments.
  • The new feature enables U.S. Legisway customers that are impacted by the beneficial ownership reporting rule under the Corporate Transparency Act (CTA) to identify and curate their BOI through a familiar interface.
  • "Many corporate legal departments already use Legisway to manage legal data all in one place including contracts, matters and entity information," said Ken Crutchfield, Vice President & General Manager of Legal Markets at Wolters Kluwer Legal & Regulatory U.S. "It is natural to add functionality for storing Beneficial Ownership Information in Legisway to support the need to track reporting entities, beneficial owners and even applicants in the same application used for other legal data."
  • For accounting firms and their clients, TAA has launched the CCH Axcess™ Beneficial Ownership solution, which automates the beneficial ownership information filing process for accounting firms that need to file large volumes of reports.

Wolters Kluwer Survey Shows Preparedness Trending Upward for U.S. Corporate Transparency Act Compliance

Retrieved on: 
Wednesday, January 31, 2024
Software, Finance, Consulting, Banking, Data Management, Accounting, Professional Services, Technology, Financial Crimes Enforcement Network, CTA, Imprisonment, Beneficial ownership, Prevalence, Lung compliance, Ecosystem, Wolters, Wolters Kluwer

The results reflect responses from more than 5,100 attendees and those surveyed during Wolters Kluwer’s January 23, 2024 beneficial ownership webinar.

Key Points: 
  • The results reflect responses from more than 5,100 attendees and those surveyed during Wolters Kluwer’s January 23, 2024 beneficial ownership webinar.
  • When asked about their level of preparedness for meeting the new reporting rule, which took effect January 1 as part of the Corporate Transparency Act (CTA), respondents are trending toward greater compliance, improving eight points compared to the company’s November 15, 2023 webinar poll.
  • The same question, posed during a Wolters Kluwer beneficial ownership webinar on November 15, 2023, indicated a level of just 18% readiness among 4,200 attendees.
  • Wolters Kluwer recently launched a Beneficial Ownership Platform solution to simplify filing and ongoing compliance for both single-entity as well as multiple-entity filers.

Ferguson plc: New Corporate Structure to Achieve U.S. Domicile

Retrieved on: 
Thursday, January 18, 2024
HVAC, Other Manufacturing, Manufacturing, Proxy, London Stock Exchange, AETR, Uncertainty, Annual report, Failure, Prospectus, Communication, Form, RG41, Telephone, Ferguson plc, Weakness, Security (finance), Beneficial ownership

On December 5, 2023, Ferguson plc (the “Company”) announced that it was considering a new corporate structure to domicile the Group’s ultimate parent company in the United States, which would better align the Company’s headquarters and governance with its operations and leadership.

Key Points: 
  • On December 5, 2023, Ferguson plc (the “Company”) announced that it was considering a new corporate structure to domicile the Group’s ultimate parent company in the United States, which would better align the Company’s headquarters and governance with its operations and leadership.
  • The new corporate structure would be accomplished through a merger process by which the Company would become a direct wholly owned subsidiary of a new Delaware corporation (“US TopCo”).
  • US TopCo would list its common stock on both the New York Stock Exchange (“NYSE”) (primary) and London Stock Exchange (“LSE”) (secondary).
  • The Board believes that the establishment of US TopCo is the next natural step and will simplify the Company’s corporate governance requirements.

ZenBusiness Launches Beneficial Ownership Filing Service for Small Business Customers

Retrieved on: 
Thursday, January 18, 2024
Software, Accounting, Entrepreneur, Internet, Professional Services, Business, Fintech, Consumer, Technology, Small Business, Legal, Finance, Financial Crimes Enforcement Network, Pulse, BOI, Corporate transparency, Treasury, Attention, Documentation, Language, Fraud, Federation, Finger, Small business, News, Blog, Beneficial ownership

ZenBusiness®, the intuitive business management platform trusted by a half million small businesses, has launched a Beneficial Ownership Filing service for its customers.

Key Points: 
  • ZenBusiness®, the intuitive business management platform trusted by a half million small businesses, has launched a Beneficial Ownership Filing service for its customers.
  • ZenBusiness’s Beneficial Ownership Filing service aims to simplify the complicated process of gathering and submitting the necessary beneficial ownership information by their designated deadlines.
  • Throughout the process, ZenBusiness customers will receive:
    The ZenBusiness Beneficial Ownership Filing service enriches ZenBusiness’s suite of tools dedicated to helping small business owners protect their businesses.
  • For more information about The Corporate Transparency Act and to learn more about ZenBusiness’s Beneficial Ownership Filing service, please visit ZenBusiness Beneficial Ownership Filing , ZenBusiness Blog and ZenBusiness.com .

FincenFetch Forms Alliances with Accountalent and other CPA Firms for Corporate Transparency Act Compliance

Retrieved on: 
Wednesday, January 17, 2024
Financial Crimes Enforcement Network, CTA, BOI, Business, Business development, CPA, Automation, PALM, File, Beneficial ownership, Cryptocurrency

WEST PALM BEACH, Fla., Jan. 17, 2024 /PRNewswire-PRWeb/ -- FincenFetch, a leading Beneficial Ownership Information Report filing platform, proudly announces that Accountalent, a Massachusetts-based CPA firm, and dozens of others have joined the software platform.

Key Points: 
  • This collaboration is an early example of the Company's mission to revolutionize Beneficial Ownership Information reporting under the directives of the Corporate Transparency Act (CTA) and FinCEN regulations.
  • "Our alliances with Accountalent and dozens of other CPA firms signify the beginning of a transformative step in corporate compliance.
  • The introduction of the Corporate Transparency Act and FinCEN's regulations necessitates precise reporting of beneficial ownership information.
  • FincenFetch looks forward to helping firms scale up FinCEN filing services with its innovative software platform, making CTA compliance efficient and effortless.