Need help knowing which package is right for you? Book a 30-minute consultation with Oldham Law. *$100 deposit will be put towards the package you select.
Need help knowing which package is right for you? Book a 30-minute consultation with Oldham Law. *$100 deposit will be put towards the package you select.
The Corporate Transparency Act demands swift compliance, and filing requirements can be complex. Don't risk penalties - let Oldham Law take the burden off your shoulders. Our experienced team is ready to conduct thorough research and handle all necessary filings, ensuring your business stays on the right side of the law.
Corporate Transparency Act's Impact
The Corporate Transparency Act (“CTA”) took effect on January 1, 2024 and requires most businesses in the United States to file with the the US Department of the Treasury's Financial Crimes Enforcement Network (“FinCEN”).
Unveiling Corporate Structures
The CTA broadly applies to most companies in the USA and primarily apply to small companies (no matter how small) many of whom have never made federal filings. The CTA requires reporting businesses to report beneficial ownership information (BOI) and other information to FinCEN.
Risk and Compliance
Unfortunately, the penalties for failure to comply are high — $500 a day up to $10,000 and up to two years in jail (per occurrence).
Deciphering Compliance
Like most laws, the CTA has a laundry list of exceptions, including exceptions based on current reporting, annual revenue, the business’s industry, and whether the company is inactive or dormant.
We at Oldham Law, PLLC understand that as a busy business owner or representative, you don’t have the time to go through each of the 23 filing exceptions to see which, if any, might apply to your business. With that in mind, our goal is to streamline your business’s FinCen CTA beneficial ownership reporting.
We at Oldham Law, PLLC understand that as a busy business owner or representative, you don’t have the time to go through each of the 23 filing exceptions to see which, if any, might apply to your business. With that in mind, our goal is to streamline your business’s FinCen CTA beneficial ownership reporting.
We offer several packages that will allow us to:
- Determine if your business needs to file a beneficial ownership information report
- File the report if required
We also offer packages to help you refresh your current entity and the related organizational documents, and to help ensure that your company can meet one of the listed exemptions to avoid the time and expense associated with ongoing CTA filing requirements.