The Corporate Transparency Act demands swift compliance

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 Now Deciphering Compliance Background
Corporate Transparency Now Deciphering Compliance

Deciphering Compliance

The CTA includes exemptions for certain businesses, such as those that already file similar reports, have a specific annual revenue threshold, operate in exempt industries, or are inactive.

  • BOIR AI Assistant Available 24/7
  • Experienced Team
  • Exceptions
  • Compliance

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$450.00

  • Collecting required Entity information
  • Collecting required Beneficial Ownership information (for 1 Beneficial Owner)
  • Determining whether the Entity is required to file a BOI report under the CTA
  • Obtaining and providing FinCEN Identification Number
  • One 15-minute phone consultation (if requested)
  • Preparing and reviewing required documents
  • Filing the CTA report with FinCEN, if not exempt

$800.00

  • Collecting required Entity information
  • Collecting required Beneficial Ownership information (for 2+ Beneficial Owners)
  • Determining whether the Entity is required to file a BOI report under the CTA
  • Obtaining and providing FinCEN Identification Number
  • One 15-minute phone consultation (if requested)
  • Preparing and reviewing required documents
  • Filing the CTA report with FinCEN, if not exempt

$1,950.00

  • Collecting required Entity information
  • Collecting required Beneficial Ownership information (for 2+ Beneficial Owners)
  • Determining whether the Entity is required to file a BOI report under the CTA
  • Drafting or updating entity ownership documentation to reflect current Beneficial Owners accurately
  • Forming or registering a new entity (if requested, e.g., LLC, corporation, additional fees apply)
  • Obtaining and providing FinCEN Identification Number
  • One 30-minute phone consultation (if requested)
  • Preparing and reviewing required documents
  • Filing the CTA report with FinCEN, if not exempt

$2,950.00

  • Collecting required Entity information
  • Collecting required Beneficial Ownership information (for 2+ Beneficial Owners)
  • Determining whether the Entity is required to file a BOI report under the CTA
  • Drafting or updating entity ownership documentation to accurately reflect current Beneficial Owners
  • Drafting or updating entity ownership documentation to reflect current Beneficial Owners accurately
  • Forming or registering a new entity (if requested, e.g., LLC, corporation, additional fees apply)
  • Obtaining and providing FinCEN Identification Number
  • One 60-minute phone consultation (if requested)
  • Preparing and reviewing required documents
  • Filing the CTA report with FinCEN, if not exempt

Corporate Transparency Now Oldham Law PLLC

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.

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Corporate Transparency Now Streamline Your Business
Corporate Transparency Now General Questions Background
Corporate Transparency Now General Questions
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A. General Questions

Beneficial ownership information refers to identifying information about the individuals who directly or indirectly own or control a company.

In 2021, Congress passed the Corporate Transparency Act on a bipartisan basis. This law creates a new beneficial ownership information reporting requirement as part of the U.S. government’s efforts to make it harder for bad actors to hide or benefit from their ill-gotten gains through shell companies or other opaque ownership structures.

FinCEN will permit Federal, State, local, and Tribal officials, as well as certain foreign officials who submit a request through a U.S. Federal government agency, to obtain beneficial ownership information for authorized activities related tonational security, intelligence, and law enforcement. Financial institutions will have access to beneficial ownership information in certain circumstances, with the consent of the reporting company. Those financial institutions’ regulators will also have access to beneficial ownership information when they supervise the financial institutions.

FinCEN published the rule that will govern access to and protection of beneficial ownership information on December 22, 2023. Beneficial ownership information reported to FinCEN will be stored in a secure, non-public database using rigorous information security methods and controls typically used in the Federal government to protect non-classified yet sensitive information systems at the highest security level. FinCEN will work closely with those authorized to access beneficial ownership information to ensure that they understand their roles and responsibilities in using the reported information only for authorized purposes and handling in a way that protects its security and confidentiality.

FinCEN is engaged in a robust outreach and education campaign to raise awareness of and help reporting companies understand the new reporting requirements. That campaign involves virtual and in-person outreach events and comprehensive guidance in a variety of formats and languages, including multimedia content and the Small Entity Compliance Guide, as well as new channels of communication, including social media platforms. FinCEN is also engaging with governmental offices at the federal and state levels, small business and trade associations, and interest groups.

FinCEN will continue to provide guidance, information, and updates related to the BOI reporting requirements on its BOI webpage, www.fincen.gov/boi. Subscribe here to receive updates via email from FinCEN about BOI reporting obligations.

News & Articles

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  • Receive timely alerts on CTA changes and BOI filing requirements.
Our blog
READOUT: FinCEN Deputy Director Jimmy Kirby’s Travel to Queens, New York for Beneficial Ownership Outreach Event

Immediate Release August 05, 2024 QUEENS, New York—On August 2, Financial Crimes Enforcement Network (FinCEN) [...]

FinCEN Seeks Comments on the Information to be Collected from Authorized Recipients Requesting Beneficial Ownership Information

Immediate Release July 22, 2024 The Department of the Treasury, on behalf of the Financial [...]

FinCEN Seeks Comments on Customer Identification Program Requirement

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UPDATED: Notice Regarding National Small Business United v. Yellen, No. 5:22-cv-01448 (N.D. Ala.)

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Immediate Release February 13, 2024 WASHINGTON—The U.S. Department of the Treasury’s Financial Crimes Enforcement Network [...]

FinCEN Assesses $100,000 Civil Money Penalty against Gyanendra Kumar Asre for Violations of the Bank Secrecy Act

Immediate Release January 31, 2024 WASHINGTON—Today, the United States Department of the Treasury’s Financial Crimes [...]