Less than six months left to file under the Corporate Transparency Act…

Why does this matter?

The CTA aims to enhance transparency and combat illegal activities such as money laundering, tax evasion, and financing of terrorism. Compliance is mandatory, and failure to file can result in significant penalties.

Don’t wait

Stay compliant and avoid penalties by acting now.

Ensure your business remains in good standing and contributes to a transparent and secure financial environment.

Remember:

• Identify Beneficial Owners: Determine individuals who directly or indirectly own or control at least 25% of the company.
• Gather Required Information: Collect names, birthdates, addresses, and identifying numbers (like a driver’s license or passport) for each beneficial owner.
• File with FinCEN: Submit your report securely through the FinCEN reporting portal.

Bacon Wilson, P.C. is here to help

Navigating regulatory requirements can be complex, but you don’t have to do it alone. Our firm is ready to assist you with any questions or concerns about the Corporate Transparency Act.

Bacon Wilson, P.C. has set up a team of Attorneys to assist our clients in understanding these new reporting requirements, evaluating the exemptions, and providing FinCEN reporting services.