Ensuring Audit Preparedness for Compliance in Your SMB

Find out how to stay proactive and be prepared for compliance audits. Key takeaways: In general, audits may be financial, operational, or regulatory. Auditors will look at whether all applicable standards, laws, and regulations are followed for compliance audits. Focus on audit preparedness by bringing in experts, setting up new policies, and creating an internal […]

How SMBs Can Leverage CTA Compliance as a Business Advantage

Your SMB can reap many benefits from practicing due diligence and improving CTA compliance. Key takeaways: Prioritizing a compliance strategy helps your SMB: Build trust and credibility Improve risk management Enhance operational efficiency Integrate the right technology Develop a compliance-minded culture Small and medium-sized businesses (SMBs) can especially struggle to keep up with CTA compliance […]

Contact Us

7301A West Palmetto Park Road
Suite 204B 
Boca Raton, FL 33433

info@fincenadvisors.com

1-866-346-2361

Services

Language

English

English Spanish

Policies

FinCen Advisors specializes in helping businesses comply with the Corporate Transparency Act and Beneficial Owner Information (BOI) filing requirements. We offer clear, stress-free solutions to ensure reporting obligations are met with ease, providing businesses with confidence and peace of mind in their compliance journey.

Please note that we are an independent advisory and report management firm and are not affiliated with the official Financial Crimes Enforcement Network website, FinCEN.gov.

Please enable JavaScript in your browser to complete this form.

Step 1 of 2

Quickly find out if your business is exempt.

Take our 4 Question Exemption Quiz to determine your BOI filing responsibilities.

To get started, please enter your company name below:

Company Name

Email Address

How do I determine if my company has to report?

Can your entity be described as any of the following?

The Reporting Rule exempts the following twenty-three types of entities from the Beneficial Ownership Information (BOI) reporting requirements:

1. Securities reporting issuer
2. Governmental authority
3. Bank
4. Credit union
5. Depository institution holding company
6. Money services business
7. Broker or dealer in securities
8. Securities exchange or clearing agency
9. Other Exchange Act registered entity
10. Investment company or investment adviser
11. Venture capital fund adviser

12. Insurance company
13. State-licensed insurance producer
14. Commodity Exchange Act registered entity
15. Accounting firm
16. Public utility
17. Financial market utility
18. Pooled investment vehicle
19. Tax-exempt entity
20. Entity assisting a tax-exempt entity
21. Large operating company
22. Subsidiary of certain exempt entities
23. Inactive entity

How do I determine if my company has to report?

Are you a large operating company?

To qualify as a "large operating company" and be exempt from the Beneficial Ownership Information (BOI) reporting requirements, an entity must meet all of the following three criteria:

Does your entity employ more than 20 full-time employees in the United States?

Based on your responses, your business may NOT have to file a BOI Report as of January 1, 2024.

This conclusion is based on your responses compared to FinCEN's definition of a Regulated Entity.

Should your responses be inaccurate or otherwise not meet the statutory definition, or should your status as a “large” or “regulated” company change, you may have a BOI filing obligation. If you want to speak with an expert, review with your legal team, or use FinCEN Shield Premier Compliance Plan which includes access to our government legal and financial advisory team!

Based on the answers you selected and the definition of a Reporting Company under FinCEN, you are required to file a BOI Report to comply with the CTA (Corporate Transparency Act).

Disclaimer: FinCEN Advisor's is not a law firm and does not provide legal advice. All information shared by the user is self-reported and compared to FinCEN’s definition of a Reporting Company.

Does your entity have an operating presence at a physical office within the United States, which is a location that the entity owns or leases and is distinct from any other unaffiliated entity?

Did your entity file a federal income tax or information return in the United States for the previous year showing more than $5,000,000 in gross receipts or sales?

This amount should be net of returns and allowances. If the entity is part of an affiliated group of corporations, the consolidated return for the group applies.

Ensuring Audit Preparedness for Compliance in Your SMB

How SMBs Can Leverage CTA Compliance as a Business Advantage

Contact Us

Services

Language

Policies

Quickly find out if your business is exempt.

How do I determine if my company has to report?

Are you a large operating company?

Based on your responses, your business may NOT have to file a BOI Report as of January 1, 2024.

Based on the answers you selected and the definition of a Reporting Company under FinCEN, you are required to file a BOI Report to comply with the CTA (Corporate Transparency Act).

Did your entity file a federal income tax or information return in the United States for the previous year showing more than $5,000,000 in gross receipts or sales?

Enter Your Details.

Enter Your Details.

Enter Your Details.

Enter Your Details.

Ensuring Audit Preparedness for Compliance in Your SMB

How SMBs Can Leverage CTA Compliance as a Business Advantage

Contact Us

Services

Language

Policies

Quickly find out if your business is exempt.

How do I determine if my company has to report?

Are you a large operating company?

Based on your responses, your business may NOT have to file a BOI Report as of January 1, 2024.

Based on the answers you selected and the definition of a Reporting Company under FinCEN, you are required to file a BOI Report to comply with the CTA (Corporate Transparency Act).

Did your entity file a federal income tax or information return in the United States for the previous year showing more than $5,000,000 in gross receipts or sales?

Enter Your Details.

Enter Your Details.

Welcome to Our Video Demo

Enter Your Details.

Enter Your Details.

Welcome to Our Video Demo