Corporate Transparency Act
Avoid Hefty Fines for your Business: We can help with the Corporate Transparency Act
Has Your Business Complied?
The Corporate Transparency Act (CTA) now requires most businesses to report information about their owners to the Financial Crimes Enforcement Network (FinCEN). This new law helps law enforcement fight terrorism, money laundering and other illegal activities.
Does this apply to you?
If you own or manage a corporation or LLC, you’re likely affected.
Don't miss the deadline!
Businesses formed before January 1, 2024 must comply by December 31, 2024. Newer businesses have even shorter deadlines.
St. Louis Estate Planning can help. We make CTA compliance simple and stress-free.
Please call Mark for help with CTA compliance at 314-858-9799 ext. 7.
What Happens If I Don't Comply?
The civil and criminal penalties for failure to comply with the CTA are severe. Consequences could include:
- Civil Fines of up to $500 per day
- Criminal Fines of up to $10,000
- Imprisonment for up to Two Years
To ensure that the owners and managers of your business aren’t subject to these penalties, your business must comply with the new law by December 31, 2024. New companies formed after January 1, 2025, only have 30 days to register with FinCen to comply with the law.
Business owners and managers don’t have time to worry about complying with the CTA when they’re focused on running their company. St. Louis Estate Planning’s attorney, Mark Winchester, is knowledgeable about Corporate Transparency Act compliance and here to help you avoid violating the law.
What is the Cost?
We offer a simple solution for a flat fee price to make sure that your company complies with the Corporate Transparency Act and properly registers with FinCEN.
Pricing:
Companies with One Member, Shareholder, or Owner: $695
Companies with Multiple Members, Shareholders, or Owners: $995
What Is Included in the Flat Fee?
- Attorney Consultation: Receive personalized guidance in a 15-minute consultation with an attorney who is knowledgeable in CTA compliance.
- Legal Document Review: Prior to the call, the attorney will review detailed information that you provide about your business, relevant company documents and agreements, and estate planning documents.
- “Beneficial Owner” Determination: During the call, the attorney will determine your “beneficial owners” as defined by the CTA.
- Complete FinCEN Registration: After the call, we will register your business with FinCEN to ensure CTA compliance and confirm with you that the process is complete.
How Our Process Works
We follow a simple 6-Step Process to help your business comply with the CTA:
- Schedule a CTA Compliance Consultation with us via phone or Zoom.
- Pay the flat fee within 72 hours of receiving the payment link. The fee is paid upfront and covers the entire registration process. (If you have multiple entities, additional discounts will be available for additional entities with the same members or shareholders.)
- We will gather your needed LLC information over the phone.
- An attorney will evaluate your business based on the information you provided, review whether any exemptions to CTA compliance apply, determine who qualifies as a “beneficial owner” of your entity, and decide what additional information is needed to file your report.
- Once you provide any additional information, we will file the required information with FinCEN and ensure that your business is properly registered.
- We’ll send you confirmation for your records when the process is complete. Congrats on the peace of mind that you’ll have knowing that you’re compliant!