Your Corporate Transparency Agent
The Corporate Transparency Act (CTA) introduced Beneficial Ownership Information (BOI) reporting to increase transparency around who owns and controls business entities. This information about Beneficial Owners is reported directly to the Financial Crimes Enforcement Network (FinCEN).
Key Provisions of the CTA
There’s a lot behind the CTA, and the rules are constantly changing, but there’s only a few key things that you should know as a business owner. That’s where we come in.
Reporting Requirements
As of early 2025, FinCEN has paused enforcement for domestic entities, meaning most companies formed in the U.S are not currently required to file BOI reports. That said, this is a regulatory pause (not a repeal) and requirements can come back online with little notice.
Foreign entities (formed outside the U.S. but registered to do business here) are still required to file and must submit BOI reports within 30 days of registration, along with updates for any ownership changes.
A "Beneficial Owner" is an individual with substantial control over an entity or owns at least 25% of the entity's ownership interests. Certain categories of individuals are excluded from this definition.
Where reporting is required, companies must submit identifying information for each Beneficial Owner and in some cases, Company Applicants, including full legal name, date of birth, residential address, and a government-issued ID number (e.g., driver’s license or passport).
The Corporate Transparency Act still includes 23 exemptions, primarily covering larger operating companies (generally 20+ full-time U.S. employees and over $5M in gross receipts) and entities already subject to federal oversight and ownership disclosure requirements.
Bottom line: The CTA isn’t something to fear. With the right guidance, it’s manageable, and we’re here to make it effortless.
How this Affects You
Less Paperwork
We know. Nobody likes more forms, but the BOI reporting is serious business. While most domestic companies aren’t required to file right now, having the right guidance ensures you’re ready if rules change. You just gather the info on your Beneficial Owners and we handle the rest.
Compliance Oversight
Companies evolve fast. Whether it’s a new owner, a new address, or a rebrand, keeping your BOI information accurate is key once reporting resumes. We track changes and make sure your filings stay current, so you can focus on growing your business.
Transparency Matters
The primary goal of the CTA is to enhance transparency and prevent financial crimes. Changes are, you aren’t who they’re after. Either way, our team will take the time to prepare and file the BOI Report on your behalf, showing your committed to corporate
The primary goal of the CTA is to prevent financial crime by improving transparency. Chances are, you aren’t who FinCEN is after. We prepare and file your BOI reports accurately, giving you confidence that your company is compliant and your owners are properly documented.
