Formations & Dissolutions
Not having proper expertise while in the process of a formation or dissolution can prelude disruptions that lead to financial and legal issues. Our team at Agile Legal can be the experienced asset for Formations and Dissolutions that your organization finds itself scarce of.
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.
Be In Control Of Your Next Steps
We understand firsthand the frustration and complexity involved with moving your business on to its next steps – whether that be through a formation or a dissolution. That’s why we’ve assembled a team of skilled legal specialists and paralegals to take some of the weight off of your shoulders. We’ll ensure that nothing falls between the cracks.
Successful Formations and Dissolutions
Not having a concrete dissolution or formation plan can result in missed deadlines and create cracks in the deal that could be exacerbated.
Filing the correct documents without a seasoned professional at your disposal when orchestrating a formation or dissolution deal can be nerve-wracking.
You deserve to have your formations or dissolutions completed without the process being stressful.
- Missed deadlines
- Errors in documents & filings
- Wasted time
- Non-compliance
- Penalties & fees
- Panic with last minute legal problems
- Disruption to your business
Your Risk Without Proper Legal Service Management
Managed Services For Corporate Transparency Act Compliance
Formation And Dissolution Services On-Demand
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
- Prepare and File Incorporation/Qualification
- Prepare Governing Documents
- Prepare Initial Minute book
- Draft Initial Consents/Minutes
- Prepare Initial Stock Ledger
- Prepare Stock Certificates
- Print Stock Certificates
- Prepare and File Form SS-4
- Prepare and File Form 2553 (S-Corp)
- Fictitious/Assumed Name
- Publication
Formations
- Prepare and File Dissolution/Withdrawal
- Draft Stockholder and Director Consent
- Draft Plan of Liquidation
- Prepare and File IRS Form 966
- Obtain Tax Clearance
Dissolutions and Withdrawals
- Draft Consent to Conversion
- Draft Conversion Agreement
- Prepare and File Conversion
- Prepare and File Amended SS-4 (to keep initial EIN)
Conversions
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
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.
Formation & Dissolution Services
Any formation or dissolution will open you up to potential risks, especially if you do not have a solid plan for all the steps you need to move forward or don’t even know where to start. Missed deadlines and improper documentation can jeopardize closing a deal or incurring additional expenses. With so many factors at play, the stress involved can weigh you down and make the process of corporate formations and dissolutions seem arduous, not efficient. Agile Legal’s team of experts can guide you through the whole process of your dissolution, corporate formation or entity conversion from start to finish. We’re here to help you create a plan for your formation or dissolution that is best for your business and execute it efficiently. And if you feel your business would benefit from a conversion to another entity type instead, we can make that happen too. Our team of paralegals know what to watch out for and will make sure nothing gets overlooked so you can rest assured your projects are getting taken care of down to the last detail. You can quickly form, dissolve or convert a company and enjoy peace of mind that you are making progress on your legal projects. Take control of your corporate legal projects with Agile Legal’s services so agile project management can be leveraged to reduce uncertainty and anxiety around your corporate formation, dissolution, or conversion.
Looking to dissolve a foreign entity?
Check out our rationalization services.