The Corporate Transparency Act (CTA) most … not all … U.S. and foreign entities to file a Beneficial Ownership Information Report with the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury.. This filing has a deadline, and failing to meet their deadline can cost you fines of up to $500.00 per DAY that you are late.
If your business existed as of 1 January 2024, you must file your BOIR before 1 January 2025;
If your business was created or registered to do business in the USA during the calendar year 2024, you must file your BOIR within 90 days after you receive your actual or public notice that the creation or registration is effective.
If your business is created or registered to do business in the USA on or after 1 January 2025, you must file your initial BOIR within 30 days after receiving actual or public notice that the creation or registration is effective.
You do not have to file a BOIR if your business falls into an exemption. Exemptions include:
1 Securities reporting issuer
2 Governmental authority
3 Bank
4 Credit union
5 Depository institution holding company
6 Money services business
7 Broker or dealer in securities
8 Securities exchange or clearing agency
9 Other Exchange Act registered entity
10 Investment company or investment adviser
11 Venture capital fund adviser
12 Insurance company
13 State-licensed insurance producer
14 Commodity Exchange Act registered entity
15 Accounting firm
16 Public utility
17 Financial market utility
18 Pooled investment vehicle
19 Tax-exempt entity
20 Entity assisting a tax-exempt entity
21 Large operating company
22 Subsidiary of certain exempt entities
23 Inactive entity
Note that if your company is a tax-exempt entity (i.e., a nonprofit granted tax exemption under the IRS Code or a similar entity) or if yours is an entity in business to assist tax-exempt entities, you do NOT have to file a BOIR.
Your deadline is coming up. If you find you cannot, or don’t want to, for whatever reason, get this done yourself, I’m happy to help you … for the currently-below-market price of $169.00. You’ll need to provide me with some personal information (birth date, EIN or Social Security number … .but let’s do EIN … business and residential addresses) and a .pdf or .jpg of your state-issued photo ID (passport, driver’s license, tribal ID).
You can schedule a time to meet with me to get your BOIR filed for only $169.00 by clicking here.