US Small Business Compliance Made Simple. Easy. Faster.
CTA Express is the robust, go-to filing solution for BOI Report compliance, helping businesses navigate the complexities of the new Corporate Transparency Act. Our mission is to ensure every client meets their business ownership disclosure requirements with ease. Join the thousands of small businesses that trust CTA Express to handle their compliance needs. It is our mission to Prepare, Protect, and Prosper every client.
Our mission is to protect American small business through preparation for the new Corporate Transparency Act.
Don’t miss your deadline!
our objectives
Avoid Imprisonment and Fines
"The willful failure to report complete or updated beneficial ownership information to FinCEN, or the willful provision of or attempt to provide false or fraudulent beneficial ownership information may result in a civil or criminal penalties, including civil penalties of up to $500 for each day that the violation continues, or criminal penalties including imprisonment for up to two years and/or a fine of up to $10,000. Senior officers of an entity that fails to file a required BOI report may."
Maximum Civil Penalty
For Willful Failure to Comply with CTA Law
Businesses Not Yet Filed
Only 2 million have filed as of May 1st, 2024
Maximum Criminal Penalty
For Willful Failure to Comply – May Also Include Imprisonment
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Who We Serve
Small Business
If you are a small business registered with any Fed or State government agency, we’re at your service! Let’s address your unique challenges with our tailored solution designed just for you.
Partners
Calling all accounting firms, financial advisors, law firms, and B2B companies!
If you’re in the business of helping others succeed, let’s partner up! Together, we can make a bigger impact and ensure that businesses get the compliance support they need.
what we do
Our Services
We recognize the importance of Corporate Transparency Act compliance for small businesses. This is why we’re committed to providing accessible, efficient solutions to meet your regulatory obligation with ease.
Beneficial Owner Info Reporting (BOIR) to FinCEN
Ensure compliance with CTA requirements by filing accurate and timely BOI reports. Choose to use our filing wizard option with online support our have CTA Express file on your behalf. We then file unlimited changes with your annual subscription making continued compliance straightforward and hassle-free.
Training and Certification
We can train and certify you and your team on CTA and BOI reporting. You can file your own reports and have all the resources you need to maintain your own CTA compliance.
Corporate Advisors and Strategists
Need personalized guidance or support? Whether you’re facing challenges with CTA requirements or need assistance with other regulatory or operational challenges, your trusted business specialists are here to help you every step of the way.
Free CTA Express Whitepaper
Our complimentary CTA Express package is a comprehensive white paper made for small businesses like yours. We break down compliance under the CTA, helping you understand your obligations and deadlines.
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Our Partners
BOIR Filing
ACAMS
Corporate Transparency Act
FincenFetch
get started
3 Easy Steps To Get Started
Our simple three-step process ensures that you can meet your regulatory obligations with confidence, so you can focus on growing your business.
STEP 01.
Choose Your Package
Once you sign up for the package, we’ll schedule an optional brief consultation to discuss your business’s specific needs and requirements. During this consultation, our team will gather information about your company’s structure, ownership, and industry.
STEP 02.
Complete The Intake Form
Our user-friendly smart form will now guide you through the implementation process step by step. Once submitted, our team completes a quality review before filing, contacting you with any questions. Once the original BOIR is submitted, you will follow a similar but simpler process to submit future change reports.
STEP 03.
Get 100% Compliant
Our commitment to your success doesn’t end there. You will now have access to a dashboard of all of your filings including change filing. You will receive monthly reminders to file any required change reports.
you may want to ask
Frequently Asked Questions
General Questions
What is beneficial ownership information?
Beneficial ownership information refers to details about individuals who
ultimately own or control a reporting company.
Why do companies have to report beneficial ownership information to the U.S. Department of the Treasury?
Reporting this information helps prevent financial crimes like money
laundering and fraud.
Under the Corporate Transparency Act, who can access beneficial ownership information?
Authorized government agencies, financial institutions, and certain
others can access this data.
How will companies become aware of the BOI reporting requirements?
Companies should review the 99-page Beneficial Ownership
Information Reporting Rule for specific obligations.
What are the penalties for willful non-compliance with BOI reporting?
Non-compliance with the Corporate Transparency Act can result in substantial civil fines. Entities that fail to report the required information about their beneficial owners, or report incorrect or incomplete information, face fines of up to $591 per day until the violation is corrected. These fines can accumulate quickly, leading to a significant financial burden.
Additionally, intentional provision of false or misleading information may result in criminal penalties, including fines of up to $10,000 and imprisonment for up to two years. It is crucial for businesses to comply promptly to avoid these consequences.
Reporting Process
Should my company report beneficial ownership information now?
Companies should comply promptly based on their formation date.
When do I need to report my company’s beneficial ownership information to FinCEN?
Existing companies have one year from January 1, 2024, while new companies created in 2024 report within 60 days of formation.
Will there be a fee for submitting a beneficial ownership information report to FinCEN directly?
No, there is no fee for submission directly to FinCEN. However, a company may choose to pay a fee for expert guidance by a filing
service such as CTA Express or a law firm.
Who can file a BOI report on behalf of a reporting company?
Authorized individuals or companies such as CTA Express can file on behalf of the company.
Reporting Company
What companies will be required to report beneficial ownership information to FinCEN?
Reporting companies include various legal entities, usually small business LLCs or corporations with less than 20 employees or less than $5 Million in revenue.
Are homeowners’ associations reporting companies?
Yes, homeowners’ associations are considered reporting companies if they meet specific criteria.
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Blog
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