CTA compliance solutions
Is the recent CTA upheaval causing headaches for your clients and eating into your valuable time?
You’re not alone.
With over 32 million businesses in the US, the need for efficient and secure CTA compliance solutions is massive. Your clients are already struggling with complex legalese and intricate financial regulations. They need a dependable, efficient solution – and your firm is perfectly positioned to deliver.
While the legal challenges may provide temporary reprieve, the reality is every US business will eventually face mandatory CTA filings. This presents a golden opportunity for your law or accounting firm to become a hero for your clients and a leader in the CTA compliance space.
But this isn't just about you – it's about your clients and serving them better. By partnering with FinCEN Advisors, you can provide a turnkey CTA Compliance program that offers your clients real benefits.
Stress-Free Compliance
Help them navigate the complexities of CTA with a proven, user-friendly solution. Our FinCEN FilePro software streamlines the process, minimizing disruption to their operations.
Time Savings
Clients can focus on core business needs while you handle the time-consuming aspects of CTA compliance.
Enhanced Security
Robust security features give your clients piece of mind and ensure data accuracy and regulatory compliance.
"Using FinCEN Advisors and their technology platform to file my BOI report was an effortless experience. Their specialists simplified the nuances of the Corporate Transparency Act, which greatly aided in the filing process. Their level of service surpassed my expectations, and I highly recommend their excellent solution to anyone navigating this new government mandated initiative."
- Owner of Natural Identity, LLC
Benifits Of our services
Benefits Of our services
Many firms see CTA compliance as a chore and are reluctant to offer these services because of the burden it can place on their existing resources. But what if you viewed it as a chance to deepen client relationships and there was an opportunity to expand your service offerings without creating stress on your available resources?
When you partner with FinCEN Advisors, you can provide a turnkey solution that solves a critical need for your clients, while bringing substantial benefits to your firm.
Expand your service offerings
Adding CTA compliance to your offerings will allow you to enhance your value with your existing clients and potentially reach new ones.
Scalable Solutions
Whether you're looking to file 100 reports or 1,000, our pricing options are built to suit your unique business case.
FinCEN FilePro
empowers your firm
FinCEN Advisors offers a powerful partnership opportunity that equips your firm with the ultimate weapon: FinCEN FilePro. This user-friendly software platform simplifies the entire CTA compliance process, transforming a headache into a high-profit opportunity for both you and your clients.
Here’s how FinCEN FilePro empowers your firm:
Effortless Onboarding
The intuitive design minimizes training time, allowing you to quickly integrate CTA compliance into your existing services.
Streamlined Data Collection
FinCEN FilePro guides clients through a user-friendly interface, ensuring accurate and efficient data gathering, even for those unfamiliar with legalese.
Automated Workflows
Repetitive tasks are automated, freeing up your team's valuable time for higher-value activities.
Robust Security Features
Military-grade encryption and access controls safeguard sensitive client data, ensuring compliance with all regulatory requirements.
Real-Time Collaboration
Seamless communication between you and your clients throughout the filing process fosters trust and strengthens relationships.
Centralized Reporting
Generate comprehensive reports with ease, providing clients with clear and transparent filing results.
Our partnership Offers
Imagine the competitive edge you’ll gain! With FinCEN FilePro, your firm becomes synonymous with efficiency, accuracy, and client satisfaction in the CTA arena.
But there’s more! A FinCEN Advisors partnership offers:
Dedicated Partner Support
Our team of experts is always available to answer your questions and ensure a smooth implementation process.
Ongoing Training & Updates
Stay ahead of the curve with regular training sessions and updates on evolving CTA regulations.
Exclusive Resources & Tools
Access valuable resources and tools to enhance your service offerings and client communication.
Limited Partnership Opportunities Available!
We partner with a select number of firms to maintain exceptional service levels. This ensures you receive the personalized attention and support needed to maximize your success. Don’t miss out on this limited opportunity!
Our partnership
Frequently asked questions
Navigating the Corporate Transparency Act and FinCEN’s regulations can be complex. We’ve compiled a comprehensive FAQ to provide you with clear, direct answers to your most pressing questions, ensuring you have the knowledge to maintain compliance confidently.
| Securities reporting issuer | Governmental authority | Bank |
| Credit union | Depository institution holding company | Money services business |
| Broker or dealer in securities | Securities exchange or clearing agency | Other Exchange Act registered entity |
| Investment company or investment adviser | Venture capital fund adviser | Insurance company |
| State-licensed insurance producer | Commodity Exchange Act registered entity | Accounting firm |
| Public utility | Financial market utility | Pooled investment vehicle |
| Tax-exempt entity | Entity assisting a tax-exempt entity | Large operating company |
| Subsidiary of certain exempt entities | Inactive entity |
Beneficial Owners: Entities must identify their beneficial owners, defined as individuals who either own 25% or more of the equity interests of the entity or exercise substantial control over the entity.
25% Ownership: The 25% ownership criterion for Beneficial Ownership Information (BOI) reporting refers to individuals who directly or indirectly own at least a 25% equity interest in a company or legal entity. This includes any form of equity, such as shares, capital, or profits.
Substantial Control: “Substantial control” in the context of Beneficial Ownership Information (BOI) refers to the authority to make significant decisions affecting the entity, regardless of equity ownership. This could include senior officers, executives, or anyone else who has significant influence over the company’s operations, policies, or financial transactions.
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 criteria:
- Employment: The entity must employ more than 20 full-time employees in the United States.
- Operating Presence: The entity needs to 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.
- Gross Receipts or Sales: The entity must have filed 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.
Under the Corporate Transparency Act (CTA), the following entities are generally required to report beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN):
- Corporations, LLCs, and Other Similar Entities: This includes corporations, limited liability companies, and other entities that are created by filing a formation document with a state office, such as a secretary of state.
- Foreign Entities: Certain foreign entities that are registered to do business in the United States must also report beneficial ownership information to FinCEN.
The CTA aims to cover entities that might otherwise be used to conceal ownership and control to facilitate illicit activities. Entities need to review the CTA’s provisions or consult with legal counsel to determine whether they are subject to the reporting requirements or if they qualify for any exemptions.
For beneficial ownership reporting under the Corporate Transparency Act (CTA), the required information typically includes:
- Identifying Information of Beneficial Owners: This covers the name, date of birth, address, and an identification number (such as a passport number or driver’s license number) for each beneficial owner. You will need a scanned image of your non-expired Government-issued ID (driver’s license, state-issued government ID, passport) ready for upload to the FinCEN FilePro system.
- Details of Ownership or Control: Information about the nature and extent of the beneficial ownership or control exercised by each individual.
- Entity Details: Information about the reporting entity itself, including its name, business address, and, if applicable, its online presence.
- Identification of Filer: The individual submitting the information must also provide their details, including their name and contact information.
This information helps authorities understand who ultimately owns, controls, or benefits from a company and can be crucial in efforts to combat financial crimes like money laundering and terrorist financing.
Under the Corporate Transparency Act (CTA), a “beneficial owner” is defined as an individual who, either directly or indirectly, meets one or both of the following criteria:
- Exercises Substantial Control: This refers to an individual who has significant influence over or responsibility for key decisions regarding the entity’s operations, finances, or other significant matters.
- Owns or Controls a Substantial Interest: This typically means an individual who owns or controls at least 25% of the ownership interests in the entity.
The definition is designed to identify individuals who have the authority to exert significant influence over a company or who hold a substantial ownership stake in it.
Schedule a quick Call
Schedule a quick 15-minute call with a FinCEN Advisors expert today! We’ll discuss how FinCEN FilePro can propel your firm to the forefront of the CTA compliance landscape and unlock substantial revenue potential.
For a limited time only, mention this article and receive a free consultation kit with valuable resources to get you started!
P.S. Spots are limited, so act fast! This is your chance to gain a competitive edge, unlock substantial revenue potential, and solidify your position as a trusted advisor in the age of CTA compliance.
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 legal obligations are met with ease, providing businesses with confidence and peace of mind in their compliance journey.
