The Corporate Transparency Act (CTA) levies new obligations on reporting companies that bring with them new risks from non-compliance. Agile Legal helps you avoid those risks, puts you in compliance and keeps you there.
To be compliant with the CTA’s regulations, you must first determine whether any of your entities fall under one of the 23 exemptions. For any non-exempt companies, you need to report your beneficial owners or employees with substantial control over the business. While you might be hesitant to disclose this personal identifying information, compliance with these requirements will protect your business from harsh fines and penalties, including up to $10,000 in fines, two years imprisonment or both.
Compliance with the CTA demands significant attention to detail, not to mention a deep understanding of its requirements. Agile Legal’s team of attorneys, certified anti-money laundering (AML) professionals and senior paralegals have studied the new law extensively, and we’ve designed a system to keep our clients compliant with the CTA’s regulations.
If you need more information about the CTA, read our article, All You Need to Know About Corporate Transparency Act Compliance.
Your Risk Without Proper Services
- Navigating complex reporting requirements without expert support can create unnecessary pressure and confusion.
- Failure to meet CTA requirements can result in costly fines and legal consequences.
- Lack of standardized procedures for updating reports can lead to errors and inefficiencies.
- Addressing compliance issues after they arise wastes time, money and resources.
- Missing critical details can expose your company to additional risks or unnecessary filings.
- Delays in submitting required reports can damage your business’s credibility and good standing.
Corporate Transparency Act Services
Managed CTA Compliance – Enterprise
Achieve full compliance with the Corporate Transparency Act by leveraging Agile Legal’s Enterprise package, which includes:
- Policy creation
- BOIR preparation
- Beneficial owner identification
- Reporting company exemption analysis
- BOIR filing and monitoring
Managed CTA Compliance – Lite
For organizations with fewer CTA compliance needs, our Lite package provides the essentials you need to be in good standing, including:
- Help verify beneficial owner information
- File BOIR with FinCEN, filing updates as needed
- Monitor changes to beneficial owners, reporting company and FinCEN and CTA laws and rules
BOIR Preparation and Filing
Our team of CTA experts will simplify the preparation and filing of your beneficial owner information report, ensuring accuracy and compliance with FinCEN requirements.
- BOIR preparation
- BOIR filing
- Filing updates as needed
Exemption Analysis
Agile’s exemption analysis will help you determine whether your company qualifies for one of the 23 CTA exemptions.
- Detailed review of the reporting company, including structure and org chart, size and regulatory status
- Identify applicable exemptions
- Document exemption status by reporting company
Beneficial Ownership Identification
Agile Legal provides comprehensive identification and documentation of beneficial owners to help you meet CTA requirements.
- Review reporting company ownership and management
- Identify beneficial owners based on interest or substantial control
- Document decision-makers and individuals with substantial control
Corporate Services Team
Meet Agile Legal’s Corporate Services Team: experienced professionals dedicated to providing tailored legal solutions that empower your business to thrive.
