FinCEN Corporate Transparency Act Filing Services.

Find out if your company is one of the 25M companies required to file a yearly FinCEN beneficial owner report.

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U.S. small businesses are about to be affected by the Corporate Transparency Act regulations. This new anti-money laundering legislation was passed as part of the National Defense Authorization Act and includes penalties for not filing beneficial ownership reports to FinCEN for most small businesses. Beneficial ownership reports detail who owns or makes decisions on behalf of small LLCs and Corporations.

What is the Corporate Transparency Act?

A new federal law passed in 2021 is going into effect starting 2024. This law requires most small U.S. businesses to file a beneficial owner report to FinCEN listing all beneficial owners to prevent money laundering and other illegitimate uses of U.S. companies.

Which companies are required to file beneficial ownership reports?

Any new or existing U.S. corporation, or LLC, with less than 21 employees and $5,000,000 in annual sales. Some corporate transparency act exemptions exist for some companies. TurboCTA’s tool can let you know if your company needs to file in less than a minute.

Check if I need to file >

What is filed on a beneficial owner report?

FinCEN requires companies to file the names, dates of birth, current addresses, and and identity verification document for every decision maker and beneficial owner (25%+ ownership) of the company. These reports must be updated when ownership, or owner details such as addresses are updated. TurboCTA’s online filing system will make corporate transparency act report filing and updates easy and fast Subscribe for updates to stay in compliance as this regulation takes effect.

What are the corporate transparency act penalties?

FinCEN has proposed penalties for non-compliance, (such as failing to report or providing false information) including fines of up to $10,000 and a prison term of up to two (2) years for each offense. These filings are not optional for U.S. small businesses and will begin January 1st, 2024. We recommend getting the TurboCTA prep kit to be ready for corporate transparency act filings or subscribing to avoid missing critical updates.

Stay current on all new corporate transparency act requirements as FinCEN releases rules.

TurboCTA Corporate Transparency Act Filing Benefits

Easy and Affordable Corporate Transparency Act Filing

Prepare your yearly CTA reports in less time with low filing costs.

Simple Beneficial Owner Report Updating

Update your CTA filing whenever ownership changes to stay compliant.

Secure Beneficial Ownership filing records

Access encrypted secure records of previous filings whenever needed.

Up to Date Compliance Alerts and Updates

Get critical alerts and updates before compliance filings are due with free monitoring.

Beneficial Ownership Report Filing with TurboCTA

Simplified CTA filing

Easy, online filing with step-by-step instructions. Add companies and manage beneficial owners all from your custom dashboard.

Low cost BOI report filing

No need to pay for expensive accounting or legal services. With TurboCTA, you or your admin can file yearly corporate transparency act reports.

BOI report record management

TurboCTA uses secure multiple year retention of data. Save time and reduce your paperwork load while we import previous years data.

Current CTA filing requirements

As new legislation comes into effect it’s important to stay up to date with the new filing requirements. We alert you to any change in your CTA filing status.

File directly to FinCEN

TurboCTA strives to make it easy to submit annual corporate transparency act forms to FinCEN each year.

Compliance alerts and updates

Continuous monitoring of filing requirements means you get alerted anytime legislation updates affect your company’s CTA compliance.

Multiple company CTA support

We make filing easy for business owners with more than one company. Add and manage all your businesses through our intuitive filing dashboard.

FinCEN BOSS batch filing solutions

As new legislation comes into effect it’s important to stay up to date with the new filing requirements. We alert you to any change in your CTA filing status.

Fast CTA filing process

For business owners, we know your time is valuable. Our filing interface makes it fast and easy to file yearly CTA reports in less than 5min.

Latest news on the Corporate Transparency Act

Venture Capital Fund Beneficial Ownership Information Reports – What investment funds need to know about FinCEN and the corporate transparency act

December 12, 2022

Venture capital and investment fund managers need to be intimately familiar with the corporate transparency act and the related beneficial ownership reports that investment funds will need to file beginning in January 2024. Fund managers can face criminal penalties for failing to disclose themselves, other decision-makers, and limited partners with 25% or more ownership of the partnership entity on FinCEN’s

real estate investment trust agent holding house keys

REITs and the Corporate Transparency Act

November 30, 2022

Impact of the Corporate Transparency act on REITs To combat money laundering and the use of the U.S. financial system by malicious parties, the government passed the Corporate Transparency act in 2021 as part of the National Defense Authorization Act. This legislation becomes effective as of January 1st, 2024. It requires most businesses without $5M in annual revenue and 21

The Corporate Transparency Act could mean the end of shell companies: Your business may be required to file beneficial ownership information with FinCEN starting in January 2024.

November 11, 2022

Highlights Which companies will need to file beneficial ownership reports as a “reporting company”? The Corporate Transparency Act requires any corporation or LLC to file a beneficial ownership report with the Financial Crimes Enforcement Network (FinCEN) unless they qualify as a “large operating company,” meaning they employ more than 20 full-time employees and show more than $5,000,000 in annual gross

FinCEN’s Final Rule for Beneficial Ownership Reporting

October 7, 2022

On January 1st, 2021, The Corporate Transparency Act (CTA) was ratified into law as part of the 2021 National Defense Authorization Act (NDAA). Congress enacted the CTA to advance its agenda of deterring criminals from infusing their illicit funds into the U.S. financial system. However, at the time of the law’s passage, its provisions were not yet in force. FinCEN

Venture Capital Fund Beneficial Ownership Information Reports – What investment funds need to know about FinCEN and the corporate transparency act

December 12, 2022

REITs and the Corporate Transparency Act

November 30, 2022

The Corporate Transparency Act could mean the end of shell companies: Your business may be required to file beneficial ownership information with FinCEN starting in January 2024.

November 11, 2022

FinCEN’s Final Rule for Beneficial Ownership Reporting

October 7, 2022