The Corporate Transparency Act (CTA) is a pivotal federal law taking effect on January 1, 2024. It significantly impacts the owners, principals, and other controlling persons of corporations, limited liability companies, limited partnerships, and other closely held entities, herein referred to as “Reporting Companies”. The CTA mandates that Reporting Companies file a Beneficial Ownership Report (BOI) with the US Treasury’s Financial Crimes Enforcement Network (FinCEN).
Failure to comply with the CTA can lead to severe penalties.
Tyler Law, LLP is at the forefront of assisting businesses with CTA compliance. Our services include:
1. Initial Reports: We guide you through the initial filing process, ensuring accuracy and timeliness.
2. Corrections and Updates: Our team can help correct and update previous reports as needed.
3. Newly Exempt Entity Reports: Assistance with filings for entities newly exempt from the CTA.
Our experienced team will support your company in collecting and preparing beneficial ownership and company applicant information, ensuring a smooth filing process with FinCEN.
For more detailed information on the CTA and to understand how it affects your business, contact Tyler Law, LLP for a personalized consultation. Our team is dedicated to ensuring your business navigates these new legal waters with ease and confidence.
