Welcome to today's episode of 'AI Lawyer Talking Tech'! In this episode, we delve into the implications of the new beneficial ownership reporting requirement for smaller companies in the United States, as mandated by the federal Corporate Transparency Act of 2021. We'll explore how legal tech companies, particularly Wolters Kluwer, are assisting companies in understanding and complying with the new regulations through innovative platforms and technologies. Despite a recent court ruling in Alabama, our discussion highlights the continued importance of legal tech in facilitating compliance with the evolving regulatory landscape.

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