Corporate Transparency Act Compliance Services
The Corporate Transparency Act (CTA) levies new obligations on reporting companies that bring with them new risks from non-compliance. Agile Legal can make sure you avoid those risks, put you in compliance, and ensure you stay there.
New companies that are formed after the effective date and are non-exempt will have 30 days to submit their initial beneficial owner information report. Existing companies that are non-exempt will have until January 1, 2025 to submit their initial reports.
Not Complying with the Corporate Transparency Act Puts Your Business at Risk
In addition to your usual day-to-day responsibilities, reporting companies must now submit beneficial owner information reports to FinCEN – as many as one every month.
The Corporate Transparency Act is brand new, coming into effect Jan 1, 2024. CTA compliance is unfamiliar and time-sensitive, adding to the pressure you're already under.
Corporate compliance is already hard enough. You need an easy pathway to CTA compliance that will protect you from up to $10,000 in fines or 2 years of imprisonment.
- Be stress free with our managed compliance services
- Avoid penalties and fees for non-compliance
- Establish company-wide policies for updating reports
- Save time and money with a proactive approach to compliance
- Ensure all exemptions and requirements are accounted for
- Feel secure by meeting your filing deadlines
Get Peace of Mind from CTA Compliance
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?
Managed Services for Corporate Transparency Act Compliance
Managed CTA Compliance – Enterprise
Policy Creation
- Reporting
- Changes
- Monitoring
- Communication
Reporting Company Exemption Analysis
- Review company records & entity charts
- Document exemption status by Reporting Company
Beneficial Owner Identification
- Identify and document Beneficial Owners by interest and substancial control
BOIR Preparation
- Help verify Beneficial Owner information
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 – Lite
- 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
- Receive Reporting Company and Beneficial Owner Information
- BOIR Preparation
- BOIR Filing
Prepare and File Beneficial Owner Information Report
Exemption Analysis
- Review Reporting Company:
- Structure & org chart
- Size
- Regulatory status
- Identify applicable exemptions
- Document exemption status by Reporting Company
- Review Ownership and Management of Reporting Company
- Identify Beneficial Owners based on interest or substantial control
- Owners
- Decision makers
- Substantial control
Beneficial Ownership Identification
Process and Policy Creation
Comprehensive review and documentation of policies and processes for maintaining compliance with CTA, including Reporting Company duty to verify and make diligent inquiry.
Our Process
Order CTA Compliance Services
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.
Upcoming Corporate Transparency Act Webinars
The Corporate Transparency Act introduces new rules for disclosing beneficial owner information for non-exempt reporting companies. To address our community’s questions and concerns, Agile Legal has created virtual office hours where you may drop in to ask questions about the CTA. Hear what questions other businesses and law firms are asking and prepare yourself to file your Beneficial Owner Information Reports with FinCEN.
Click a date below to register for a session.
Corporate Transparency Act Compliance Services
The effective date of the Corporate Transparency Act (CTA) is swiftly approaching. While pre-existing reporting companies will have until the end of 2024 to submit their beneficial owner information, companies should not delay in gathering their information. Failing to submit reports on time can lead to harsh consequences – up to $10,000 in fines or 2 years imprisonment, or both.
Compliance with the CTA demands significant attention to detail and timeliness, not to mention a deep understanding of its requirements. Agile Legal’s team has expended time and resources to become subject matter experts of the CTA. Engage with us today to ensure your business is compliant and won’t be dragged down by government penalties.