Stay Compliant with the New Federal Regulations – Protect Your Business with TLD Law

Overview

The Corporate Transparency Act (CTA) represents a significant change in how businesses must report their ownership information. The CTA requires most LLCs, corporations, and limited partnerships to file a Beneficial Ownership Information Report (BOIR) with the Financial Crimes Enforcement Network (FinCEN). Non-compliance can lead to severe civil and criminal penalties, including hefty fines and imprisonment.

Navigating the complexities of CTA compliance can be daunting, but TLD Law is here to help. Our experienced attorneys and staff are well-versed in the CTA’s requirements and can guide you through the BOIR filing process to ensure your business remains compliant and protected.

Who Needs to File a BOIR?

With few exceptions, most businesses structured as LLCs, corporations, and limited partnerships are required to file a BOIR under the CTA. Even small businesses and family-owned entities may be subject to these regulations. Our team will carefully assess your business structure to determine whether you’re required to file.

Why Is Compliance Important?

The CTA is designed to increase transparency and prevent financial crimes like money laundering and fraud. Non-compliance can result in significant legal consequences, including:

• Civil Penalties: Daily fines for each instance of non-compliance, accumulating rapidly.
• Criminal Penalties: Imprisonment of up to two years for willful non-compliance, submission of false information, or obstruction of investigations.

Staying compliant is not just about avoiding penalties—it’s about safeguarding your business’s reputation and ensuring your operations remain legally sound.

How TLD Law Can Help

Understanding and implementing the CTA’s requirements is a complex process, but TLD Law is here to simplify it for you. Our services include:

• Filing Requirement Assessment: We analyze your business structure and advise whether you need to file a BOIR.
• Comprehensive Filing Support: If a filing is necessary, we handle every step of the process, ensuring all information is accurate and submitted on time.
• Ongoing Compliance Management: We provide continued support to keep your business up-to-date with future reporting requirements.

Act Now – The Deadline is Approaching

The BOIR filing deadline is December 31, 2024. Don’t risk penalties or potential legal trouble by delaying your compliance efforts. Let our team take the burden off your shoulders and ensure your business meets all CTA requirements.

Get Started Today

Contact us for a consultation to discuss your CTA compliance needs:

• Call Us: (949) 756-0684
• Email Us: [email protected]

Ensure your business is compliant, secure, and positioned for success with TLD Law’s CTA and BOIR filing services.