Flora Pettit Corporate Transparency Act Compliance Resources
Beginning January 1, 2024, certain types of entities created in or registered to do business in the United States must report information about their beneficial owners—the persons who ultimately own or control the company—to the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). This requirement is part of federal legislation known as the Corporate Transparency Act (CTA).
Linked below are Resources to assist Flora Pettit clients in understanding and meeting their CTA reporting obligations, if any.
Flora Pettit is happy to assist clients with understanding and meeting their obligations under the CTA and its beneficial ownership information (BOI) reporting requirements.
Flora Pettit is not filing CTA reports for clients. We are assisting clients with understanding how to do so themselves or how to use a third party vendor to do so. We cannot assume a client’s obligation to file updated CTA reports with FinCEN for the simple reason that we will not know when changes requiring an updated filing have occurred.
Flora Pettit CTA Resources:
Corporate Transparency Act Article
by Flora Pettit Attorney Richard H. Howard- Smith
Flora Pettit CTA Notice to Clients with pre-2024 created entities
FinCEN CTA Resources:
To obtain a FinCEN Identifier - https://fincenid.fincen.gov/landing
FinCEN CTA Small Business Compliance Guide - https://www.fincen.gov/sites/default/files/shared/BOI_Small_Compliance_Guide.v1.1-FINAL.pdf
FinCEN CTA FAQ’s - https://www.fincen.gov/boi-faqs
FinCEN FAQs Exemptions to BOI Reporting Requirements - FinCEN Exemptions to BOI Reporting Requirements.pdf
FinCEN BOI Reporting Form - FinCEN BOI Reporting Form.pdf
Third Party Services:
Corporate Transparency Act | CSC (cscglobal.com)
Corporate Transparency Act Resources | Cogency Global Corporate Business Services
Corporate Transparency Act Resources from CT Corporation | Wolters Kluwer