Contract Management
Poor contract management costs businesses money in missed revenue, increased expenses, and non-compliance penalties. Unfavorable contract terms, unmet requirements and missed deadlines can destroy an otherwise healthy company.
Understanding the
Corporate Transparency Act
As someone with decision-making and legal responsibilities in your company you may well feel at a loss as to where to start when it comes to complying with these new regulations. Agile Legal is here to simplify the compliance process and keep you compliant by managing the whole process of meeting the CTA’s requirements.
In order to be compliant with the CTA’s regulations, you must first determine if any of your entities fall under one of the 23 exemptions. For any non-exempt companies, you then need to report your beneficial owners or employees with substantial control over the business. While you may be hesitant to release your personal identifying information, compliance with these requirements will protect your business from harsh fine and penalties.
Agile Legal’s team of attorneys, certified AML professionals, and senior paralegals have studied the new law extensively. We’ve designed a system so we can keep our clients compliant with the CTA’s regulations.
Need More Information About the Corporate Transparency Act?
Don't Expose Yourself to Unnecessary Risk
Missed Deadlines
Disorganization during the planning process can lead to missed deadlines, sending your progress backwards.
Delayed Entry
Non-compliance and unfamiliarity with local regulations may delay your entry into a country, sacrificing your time and money.
Unsuccessful Projects
These and countless other disruptions hinder the success of your projects and complicate meeting performance goals.
Common Problems When Managing Global Subsidiaries
DELAYS
Delays in entering a country are stressful and can impact the bottom line of your business.
BARRIERS
Language, informational, and political barriers make the process of expansion frustrating.
CAPACITY
Lack of local expertise shouldn't hold you back from managing global subsidiaries.
Effective Contract Lifecycle Management Of Even A Few Agreements Can Be Beyond Your Capacity
Even if you have the latest contract management software and know the best processes for contract lifecycle management, your contracts can threaten the viability of your business without enough human resources with the right skill set at an affordable price.
Secure Your Business Interests & Mitigate Your Risk
Make your contracts work for you by improving the reliability and responsiveness of your contract management so you don’t miss out on revenue.
Free up capacity and time to focus on your business, get more deals done, and reduce turnaround times, with centralized documents and a contract playbook that is continually improved.
Limit your exposure to disputes, breaches and non-compliance so you don’t waste time and money on unnecessary issues instead of growing your business.
Get Peace Of Mind From Your Contract Management
- All contract requirements tracked and met
- Contracts negotiated on your behalf with a comprehensive playbook compiled from information gathering during onboarding, that you have approval over
- Dedicated single point of contact to oversee contract lifecycle management
Managed Services For Corporate Transparency Act Compliance
Contract Management Plan
Policy Creation
- Reporting
- Changes
- Monitoring
- Communication
BOIR Preparation
- Help verify Beneficial Owner information
Beneficial Owner Identification
- Identify and document Beneficial Owners
by interest and substantial control
Reporting Company Exemption Analysis
- Review company records & entity charts
- Document exemption status by Reporting Company
- Monitoring
- Communication
BOIR Filing and Monitoring
- File BOIR with FinCEN, filing updates as needed
- Monitor changes to:
- Beneficial Owners
- Reporting Company
- FinCEN and CTA laws and rules
Managed CTA Compliance – Enterprise
- Help verify Beneficial Owner information
- File BOIR with FinCEN, filing updates as needed
- Monitor changes to:
- Beneficial Owners
- Reporting Company
- FinCEN and CTA laws and rules
Managed CTA
Compliance – Lite
- Assess your requirements and understand the aspects of your business that are negotiables and non-negotiables
- Organize & abstract existing contracts
- Review & summarize contracts
- Provide a risk audit report
- Develop clause libraries & negotiation playbooks
- Agreed upon service-level agreements & performance metrics
- Develop contract templates
Analyze & Organize
- Draft & redline contracts
- Negotiate contract terms based on your playbook
- Coordinate necessary approvals, obtain signatures, prepare executive summaries of new contracts
Draft & Negotiate
- Organize & monitor signed contracts using leading contract management processes & software
- Ensure compliance & monitor obligations
- Manage claims & disputes
- Ensure requirements & deadlines are met
- Provide contract reporting & dashboards
- Manage alerts & notifications, termination notices, & winding down procedures
Actively Manage
Global Subsidiary Management Tiers
To simplify your entity management, Agile Legal has designed tiers that package our management services, making it easier for our clients to get the help they need.
Not Sure What Services You'll Need?
Contact our international team and we can advise what tier is best for you.
Where We Can Assist With Global
Subsidiary Management
We have extensive country coverage across the globe
This map shows the countries where Agile Legal currently manages entities. These countries are categorized either as Band A or Band B. These bands are based upon the differing levels of complexity of corporate compliance for entities in those countries.
Band A countries have fewer and less complicated regulations for entities than countries in band B. This often correlates with whether a country has a civil law or a common law legal system. Countries with civil law systems tend to be more bureaucratic and stringent with compliance, requiring more work and expertise.
Learn more about the impact of common law and civil law legal systems on global subsidiary management in our blog article.
Looking to Dissolve a Global Subsidiary or Branch?
Agile Legal provides cost-effective and timely rationalization services to help you dissolve underperforming subsidiaries and branches. Check out our International Services page to learn more.
How the Corporate Transparency Act Affects
Formations & Dissolutions
The CTA affects a wide range of fields, and formations and dissolutions are no exception. While the CTA is still in its infancy and will likely be changing as 2024 progresses, these infographics demonstrate how the current state of the CTA affects corporate formations and dissolutions.
Unsure Where to Start with International Support?
Use our contact us page to get in touch with us to see if working with the international team is a good fit for you.
Need International Support?
We have extensive country coverage across the globe
Contract Clause Library
Concerned about your knowledge of different contract definitions?
View our contract clause library to stay up to date with the terminology you should be using in your contracts.
Client Testimonial
"Before Agile Legal came to us, our business growth was stunted with a mountain of documents and an inability to keep up filling all of it out. For the last 8 years, we have had all our contracts go through Hanna and the Agile team who have raised the standard of professionalism and time/cost efficiency."
Our Process
Order a Legal Service
Tell us your needs.
Follow Up Call
We will arrange a time to speak to you about getting the help you need.
Safeguard Your Success
You will get the services you need.
Have Outstanding Questions About the CTA?
Agile Legal’s team of CTA experts are ready at your disposal to answer any questions you may have about the CTA and its compliance requirements. Book a meeting with us to get 1:1 support from our compliance professionals.
Contract Management Services
Ineffective and inefficient contract management makes your business vulnerable to risks of missing deadlines, obligations and non-compliance. That’s saying nothing about the missed revenue opportunities, unnecessary costs or lack of enforcement of protection of your brand, intellectual property and operations. Your contract lifecycle management has the potential to prevent avoidable costs, maximize your revenue opportunities, speed up deals completing and protect your business interests, but only if it is given all the time and attention to detail that it needs. All of your different contract types can be managed effectively and efficiently by our team of experienced paralegals and legal professionals so your statements of work, leases, master services, agreements, sales agreements, procurement contracts, NDAs, and other contracts can be utilized to safeguard your business. Order contract management services today to make your contracts work for you and free you up to drive your business forward in other operations and legal projects.
Looking to dissolve a foreign entity?
Check out our rationalization services.