George May, the Vice President of Small Business at Wolters Kluwer, emphasized to clients that the mandate in question is indeed enforceable, having been enacted by Congress with support from both parties. He highlighted that it would be ill-advised for their consulting firm to suggest clients ignore federal deadlines in the hope that judicial decisions might exempt them from their obligations. Comparing it to wishful thinking akin to a student hoping to avoid homework, he remarked, "The notion that one might be let off and not required to submit their assignment doesn't appear to be prudent reasoning." Discover more: https://gag.gl/kSkzNW? #compliance #cta #legal #beneficialownership
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George May, the Vice President of Small Business at Wolters Kluwer, emphasizes to clients the importance of acknowledging the legitimacy of obligations mandated by a law that received bipartisan approval from Congress. He highlights that it would be against the firm's principles to suggest clients ignore federal filing deadlines with the expectation that a court decision might exempt them from their legal responsibilities. He analogizes, "Believing one might be exempted and not required to submit their assignments is not a logical approach." For further details: https://gag.gl/Vcxnox? #compliance #cta #legal #beneficialownership
Heed Corporate Transparency Act despite legal cloud, experts say
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George May, Vice President of Small Business at Wolters Kluwer, emphasizes the seriousness of adhering to obligations that are legally mandated. "This requirement is genuine and has been enacted into law by Congress with support from both parties," he remarked. He stressed that the firm consistently advises against ignoring federal deadlines in the hope that judicial decisions might exempt them from their responsibilities. Comparing it to wishful thinking about being excused from an assignment, he commented, "The notion that one might avoid their duties hoping for an exemption does not constitute prudent judgment." For further details: https://gag.gl/kSkzNW? #compliance #cta #legal #beneficialownership
Heed Corporate Transparency Act despite legal cloud, experts say
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George May, Vice President of Small Business at Wolters Kluwer, emphasizes the undeniable reality and legal binding of this obligation, which received bipartisan approval from Congress. He pointed out that it would be against the firm's advice for clients to miss a federal filing deadline in anticipation that a court decision might exempt them from their responsibilities. He likened ignoring this obligation to wishfully thinking one could avoid submitting their homework and still be excused, highlighting the impracticality of such an approach. Discover more: https://gag.gl/Vcxnox? #compliance #cta #legal #beneficialownership
Heed Corporate Transparency Act despite legal cloud, experts say
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George May, Vice President of Small Business at Wolters Kluwer, emphasizes the importance of adhering to legal obligations, particularly those endorsed by Congress with support from both parties. He highlights that it's not advisable for their clients to ignore federal filing deadlines in anticipation that a court decision might exempt them from these responsibilities. Comparing it to wishful thinking akin to hoping to be excused from submitting homework, May underscores the impracticality of such an approach. Discover more: https://gag.gl/kSkzNW? #compliance #cta #legal #beneficialownership
Heed Corporate Transparency Act despite legal cloud, experts say
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George May, Vice President of Small Business at Wolters Kluwer, emphasizes the significance of adhering to legal obligations, especially those enacted by Congress with support from both sides of the aisle. "We consistently counsel our clients against ignoring federal deadlines in anticipation that judicial outcomes might exempt them from their responsibilities," he stated. He further illustrated his point by comparing it to wishful thinking: "Believing one might be excused from submitting their homework isn't a strategy rooted in logic." For more details: https://gag.gl/kSkzNW? #compliance #cta #legal #beneficialownership
Heed Corporate Transparency Act despite legal cloud, experts say
cfodive.com
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George May, Vice President of Small Business at Wolters Kluwer, emphasizes the importance of recognizing the legitimacy of this mandate, a law enacted by Congress with support from both parties. He highlighted that Wolters Kluwer consistently advises against ignoring federal deadlines in anticipation that judicial decisions might exempt them from their responsibilities. He likened the notion of expecting to be excused from submitting required documentation to wishful thinking about not having to submit homework - an approach he considers unwise. For further details: https://gag.gl/Vcxnox? #compliance #cta #legal #beneficialownership
Heed Corporate Transparency Act despite legal cloud, experts say
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George May, the Vice President of Small Business at Wolters Kluwer, emphasizes to clients that compliance with this mandate is not optional. It's a law enacted by Congress and enjoys support from both parties. He pointed out that Wolters Kluwer consistently counsels against ignoring federal deadlines in the hope that judicial outcomes might exempt them from their responsibilities. Comparing it to wishful thinking akin to hoping to be excused from submitting homework, he questions the rationale behind such an approach. For further details, click here: https://gag.gl/IvwKrL? #compliance #cta #legal #beneficialownership
Heed Corporate Transparency Act despite legal cloud, experts say
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George May, Vice President of Small Business at Wolters Kluwer, emphasizes the importance of adhering to legal obligations, especially those backed by bipartisan Congressional approval. He points out that it would be unwise for the firm's clients to ignore federal filing deadlines in anticipation that a court decision might exempt them from their responsibilities. Comparing it to wishful thinking about being excused from submitting homework, he suggests such a mindset is not prudent. For further details: https://gag.gl/IvwKrL? #compliance #cta #legal #beneficialownership
Heed Corporate Transparency Act despite legal cloud, experts say
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George May, the Vice President of Small Business at Wolters Kluwer, emphasizes to clients the undeniable reality and legality of this obligation, highlighting its establishment through bipartisan support in Congress. He points out that Wolters Kluwer consistently advises against ignoring federal deadlines with the hope that judicial decisions might exempt them from their responsibilities. He compares neglecting this duty to wishfully thinking one might be excused from submitting homework, labeling such an approach as fundamentally flawed reasoning. Discover more: https://gag.gl/kSkzNW? #compliance #cta #legal #beneficialownership
Heed Corporate Transparency Act despite legal cloud, experts say
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George May, Vice President of Small Business at Wolters Kluwer, emphasizes the significance of adhering to legal obligations, highlighting that this duty is grounded in legislation approved by Congress with support from both parties. He pointed out that the firm consistently advises against ignoring federal filing deadlines in the hope that judicial outcomes might exempt them from these responsibilities. Comparing it to wishful thinking akin to hoping for a pass on submitting homework, he remarked, "The notion that one might be excused and avoid submitting their required work does not constitute prudent judgment." For further details: https://gag.gl/Vcxnox? #compliance #cta #legal #beneficialownership
Heed Corporate Transparency Act despite legal cloud, experts say
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