Corporate Transparency Act Information

CORPORATE TRANSPARENCY ACT

The Corporate Transparency Act filing deadline is January 1, 2025.

A Reporting Company must file its initial report by this date with the Financial Crimes and Enforcement Network (FinCEN).

A Reporting Company is normally an entity that is either created by filing a document with the secretary of state or a similar office. Two examples are Limited Liability Companies and Corporations. There are limited exceptions.

Entity and Beneficial Owner information must be submitted to FinCEN.

Failure to comply with the reporting obligations may result in significant fines and prison time.

Jefferson, Urian, Doane & Sterner, P.A. will not be preparing or filing these forms.

For further information, please see links below for relevant information.

Corporate Transparency Act - JUDS Memo

Notice to Customers - Beneficial Ownership Information Reference Guide

BOI Small Business Compliance Guide