On April 25, Erica McGregor, Glenn Morrical, and Grayson Sieg discussed the Corporate Transparency Act (CTA) in a Cleveland Metropolitan Bar Association (CMBA) CLE program. Erica, Glenn, and Grayson explored the CTA’s coming impact, as the Treasury Department estimates that more than 30 million entities will be required to file reports identifying all individuals who own 25% or more or have substantial control over the entity. A company that willfully fails to comply with the Act is subject to substantial civil and criminal sanctions. The speakers shared practice tips on how a company can reduce its risk of noncompliance and accompanying substantial civil and criminal sanctions.