Corporate Compliance
Managing corporate compliance and at the same time, trying to keep operations of your business smooth can lead to daily turmoil. It’s not a good use of your time to deal with overwhelming regulations, reporting and requirements.
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.
Limited Resources Make Corporate Compliance Challenging
Corporate compliance issues don’t disappear without taking time to address them, otherwise legal repercussions for not dealing with them can mount. Whether it’s managing requirements for states, regulations, or annual filings; they all have to be taken care of to remain in good standing.
Secure Your Business Interests
Don't let time constraints for corporate compliance snowball into disaster for your business. Agile has vetted legal specialists and paralegals to ensure your business's good standing.
Being under stress from corporate compliance tasks like forming business licenses, cap table management, and setting up bank accounts can your priorities into the ground.
Be confident in the knowledge that you have avoided incurring penalties, wasting time and missing deadlines and chose to be in good standing through Agile Legal's compliance services.
- Missed deadlines
- Errors in documents & filings
- Wasted time
- Non-compliance
- Penalties & fees
- Sued by state government
- Panic with last minute legal problems
- Disruption to your business
- Lack of funding
- Delays to Agreements and deals
Your Risk Without Proper Corporate Compliance
Managed Services For Corporate Transparency Act Compliance
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
- Preparing and distributing annual reports for U.S. and international jurisdictions
- Doing business as fictitious/accrued name
- Creating business licenses
- Cap table pricing management in Carta and other platforms
Compliance
- Our team is available year-round during business hours.
- Our team will notify you immediately when service of process and compliance notices are received
- Available for international and national jurisdicitons
- Prepare and draft lease and loan agreements
- Conducts contracts and processing
- Monitor regulation changes so all their entities can stay in good standing and their risk is mitigated
- Check deposit service
Registered Agent Services
- Provide a business address in Delaware for a mail forwarding service
- Provide a virtual office address
- Registration of business location
- Organizing and disseminating signature pages
Business Location Services
- Issuances of name/address changes
- Handling and filling out of form 2553, Form 990-N, and Form 990
- Preparing and documenting tax filings
- Preparing and drafting tax clearances, POA, and requests
- Drafting tax status letters and required written requests
IRS Services
- Opening and managing of US bank accounts
- Includes registered agent, business address, mail forwarding, and check deposit services. Subject to certain limitations such as forwarding frequency, type of mail to be forwarded, deposit schedule, etc. GVAS must be named as registered agent for banking services.
- Handling Special Member Agreement. Required to authorize GVAS to conduct banking services
Financial Services
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
"Agile Legal is the real deal, they completely transformed our legal project management turnaround. We have used them for just over 2 years now and they have consistently provided on time while delivering results 3-5 days earlier than we would on our own and have the ability to handle mass formation projects for 30 entities at a time."
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.
Corporate Compliance Services and Support
In-house legal teams, and companies in general, juggle business priorities with corporate compliance every day. Overwhelming priorities slip through the cracks, and an entity finds itself having to pay for it. Your business shouldn’t be focused on preparing and filing annual reports for domestic and foreign jurisdictions, auditing entities, and annually turning in information to the state and federal government to just remain in good standing while you are being overwhelmed with directing your legal strategy and mitigating your company’s risk. Agile Legal’s corporate compliance team manages the full range of corporate compliance needs your business will face and is ready to take on your compliance burdens. Stop being stressed out from being stretched too thin by managing multiple high-volume projects at once. Let Agile take the reins of your compliance duties and we guarantee all compliance needs will be turned in punctually and correctly.
Looking to dissolve a foreign entity?
Check out our rationalization services.