This episode of Law Talk with the Flock features a discussion with Andrew Simpson, the chair of the Goosmann Law Firm's Business and Transaction Practice Area Group and the managing partner of the Omaha office. The conversation focuses on the Corporate Transparency Act, a new federal law that requires smaller businesses to report ownership information to the government. Simpson explains who needs to comply with the Act, the filing requirements, and the potential penalties for non-compliance. He also discusses the corporate maintenance services the law firm provides to help clients maintain their corporate structure and formalities.
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