CTA Simplified for Everyday Americans
Comply with Corporate Transperency Act, 2024 and file your Beneficial Ownership Information (BOI) report using our proprietary software designed for small businesses to save thousands of dollars charged by typical lawyers and avoid $10,000 fines and imprisonment upto 2 years.
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1200+
Successful Filings
98%
Time Saved
100%
Compliance Rate
How Do I Know About My BOI Filing Obligations?
Starting January 1, 2024, the Corporate Transparency Act (CTA) mandates that most U.S. entities must file Beneficial Ownership Information (BOI).
BOI reporting may be required. If your company has -
Fewer than 21 full-time employees; or
Annual revenue under $5 million.
Find out if your business needs to file in under a minute with our proprietary tool.
Quick Filing
Complete your initial BOI filing in minutes, not hours
Automatic Compliance Updates
Stay compliant with real-time updates on CTA requirements.
Fast, Guided Workflows
Complete assessment in minutes with our intuitive, guided processes.
Integrated AML Checks
Screen against OFAC watchlists seamlessly for assured Anti-Money Laundering compliance.
Trust The Best In Business
From initial filing to real-time updates, our proprietary CTA Compliance Service simplifies every step of the compliance process, ensuring your business remains fully Corporate Transparency Act compliant with ease and confidence.
Avoid missed deadlines and keep up with evolving CTA requirements seamlessly.
Easily manage, verify, and report all beneficial ownership details in one place.
What happens if you fail to comply with the CTA?
Not filing on time or providing inaccurate information could lead to penalties of up to $10,000 or even two years in prison. Fines and reputation damage can severely impact your business. We help businesses like yours quickly and accurately complete the filing process, monitor compliance and stay updated with FinCEN’s latest requirements.
With CTACompliance Services, you can rest assured that your BOI reports are filed accurately, on time, and updated as needed. Our automated solution removes the risk of errors, so you stay compliant without stress.
Struggling to understand the definition of a Beneficial Owner?
With vague definitions and complex requirements, identifying beneficial owners can be confusing, leaving you at risk of non-compliance.
We simplify this by breaking down the requirements into manageable steps and guiding you through each phase, from identification to verification.
Our 4W Framework for CTA Compliance
WHO?
Who Must Report?
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WHAT?
What to Report?
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WHEN?
When to Report?
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WHY?
Why it Exists?
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Reporting Companies
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Domestic Entities: Corporations, Limited Liability Companies, and other entities created by state/tribal filing
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Foreign Companies: Must report if registered to do business in US and requires state/tribal filing
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Key Personnel to Report
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Company Applicants:
- Person who directly filed formation documents
- Person who directed/controlled filing
- Maximum of two applicants
- Not required for pre-2024 companies
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Beneficial Owners: Anyone who either:
- Owns/controls ≥25% of company
- Exercises substantial control through:
- Senior officer position
- Authority over appointments
- Decision-making power
- Board representation
- Voting control
- Financial arrangements
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Exempt Entities
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Regulated Companies:
- Public companies
- Banks
- Credit unions
- Trust companies
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Large Operating Companies:
- 20+ full-time US employees
- $5M+ annual gross receipts
- US physical office
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Other Exemptions:
- Investment advisers
- VC fund advisers
- Qualifying subsidiaries
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Company Information Required
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Basic Details:
- Full legal name
- Trade names/DBAs
- Principal business address
- Formation jurisdiction
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Identification:
- Tax ID (TIN/EIN)
- Foreign tax ID if applicable
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Individual Information Required
For both beneficial owners and company applicants:
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Personal Details:
- Full legal name
- Date of birth
- Current residential address
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Identification:
- Unique ID number
- ID document image
- FinCEN identifier (if obtained)
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Update Requirements
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Report changes within 30 days
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New document images for updated IDs
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Modified ownership information
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Address or name changes
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Initial Filing Deadlines
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Pre-2024 Companies: By January 1, 2025
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Formed in 2024: 90 days after formation
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Formed after 2024: 30 days after formation
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Update Requirements
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30-day window for changes
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Applies to all information types
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Starts from change date
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Compliance Timeline
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Immediate Actions:
- Determine reporting status
- Identify beneficial owners
- Gather required information
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Ongoing Compliance:
- Monitor ownership changes
- Track information updates
- Maintain documentation
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Primary Objectives
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Combat Financial Crime:
- Prevent money laundering
- Increase transparency
- Track illegal activities
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Fill Regulatory Gaps:
- Bridge state-federal divide
- Create ownership database
- Enable investigation tools
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Benifits
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Enhanced financial integrity
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Reduced financial crimes
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Better business practices
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Addresses corporate transparency issues
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Simple, Transparent Pricing
Save up to 60% with annual subscription
First BOI Report
Unlimited Beneficial Owners
Limited Report Updates - twice / year
Live BOI Report Tracking
Dashboard, Alerts & Notifications
12/5 email support
Multiple Initial BOI Reports
Unlimited Beneficial Owners
Unlimited Report Updates (Continues)
Live BOI Report Tracking
Dashboard, Alerts & Notifications
24/7 Phone Support
Our Happy Clients
Who ❤️ and Trust Us.
Initially, I was unaware of the compliance requirements of the Corporate Transparency Act. The CTA Compliance team proactively contacted us to ensure I was informed and fully compliant, guiding us through each step with clarity and expertise. Their outreach and personalized assistance not only helped Gladiate Air Conditioner understand the regulatory landscape but also ensured they met all necessary standards with confidence.
Their proactive approach and dedication make CTA Compliance Services a standout in the industry, providing invaluable support to companies navigating complex compliance needs. Highly recommend!
We first heard about this law from our accountant, but they couldn’t help us with the compliance filing. When we tried to reach out to a lawyer, we found out it would cost over two grand because of some complexities in our LLC structure. Luckily, the CCS team was able to sort both issues out within their annual package. They gave us clear, practical advice and made me feel good about the future of my business. I’m happy to recommend them to anyone looking for legal compliance for CTA.
I had an exceptional experience consulting with CCSl regarding my business in Cincinnati. From the moment I reached out, their team displayed a remarkable depth of knowledge and preparedness, thoroughly addressing all my inquiries with detailed responses. Their professional demeanor, combined with an approachable attitude, put me at ease throughout the entire process. I truly appreciated their insightful guidance and feel confident that I will turn to their services again in the future.
CCS has a highly skilled team of attorneys known for their thoroughness and commitment to providing sound, reliable advice related to the Corporate Transparency Act. Their expertise has been invaluable not only to us but also to several of our clients. They consistently go above and beyond to offer support, earning a big thumbs up from me.
Questions & Answers
Frequently Asked Questions on Corporate Transparency Act and Their Answers
Q1. What is the Corporate Transparency Act (CTA) and when does it take effect?
The Corporate Transparency Act requires most U.S. entities to file Beneficial Ownership Information (BOI) with FinCEN starting January 1, 2024. This filing provides transparency in ownership to prevent illegal activities.
Q2. Does my company need to report beneficial owners?
Most U.S. entities with fewer than 21 full-time employees or annual revenue under $5 million may be required to report beneficial ownership details. Use the "Verify Your CTA Applicability" tool to confirm if your business needs to file.
Q3. What is the meaning of the term "beneficial owner"?
A beneficial owner is any individual who directly or indirectly owns or controls a significant portion of a company, typically over 25% of ownership or significant influence in decision-making. CTACompliance Services simplifies identifying these individuals to ensure compliance.
Q4. What specific information is required in the report?
The report must include the beneficial owner’s full name, date of birth, residential address, and an identification number from a valid ID, such as a passport or driver's license.
Q5. How and when do I file the initial report?
The initial BOI report should be filed with FinCEN by the deadline associated with your business’s CTA obligations, starting from January 1, 2024. CTACompliance Services offers tools and support for an efficient filing process.
Q6. What are the consequences of failing to comply with the CTA requirements?
Failure to comply with the CTA can result in fines up to $10,000 and even up to two years in prison. Non-compliance can also damage your business's reputation.
Q7. How does CTACompliance Services help with BOI reporting?
CTACompliance Services automates the BOI reporting process, providing accurate filings, real-time updates, and compliance monitoring to keep you in line with FinCEN’s requirements without the risk of errors.
Q8. What pricing options are available for CTACompliance Services?
Two pricing options are available: a one-time payment of $99 for a single BOI report with limited updates, or an annual subscription at $49 per entity, offering multiple reports and unlimited updates. Both options include tracking, alerts, and notifications.
Have any questions? Get in Touch
