The Corporate Transparency Act (CTA)

FILE YOUR BENEFICIAL OWNERSHIP INFORMATION REPORT (BOI)

Effective 1-1-24, most business companies must now file a BOI Report with the U.S. Financial Crimes Enforcement Network (FinCEN). Our specialized BOI Report team is here to file your reports with FinCEN. Filings can be securely uploaded to us using Capitol Services’ Business Compliance Manager (CapitolBCM).

Unless exempt, new companies (formed on or after 1-1-24 and before 1-1-25) must file a BOI report within 90 days after formation. Non-exempt existing companies (formed prior to 1-1-24) must file by 1-1-25. Amendments to BOI Reports where required must be filed within 30 days. New companies formed after 1-1-25, must file within 30 days.

Note: We’re aware of the ruling made by a U.S. District Court judge in Alabama on March 1, 2024 that the CTA is unconstitutional.  The ruling prohibits the government from enforcing the CTA against the plaintiffs in the case: Isaac Winkles, reporting companies for which Isaac Winkles is the beneficial owner or company applicant, the National Small Business Association, and members of the National Small Business Association as of March 1, 2024.  On March 11th, the U.S. Treasury issued a notice indicating that they are appealing the ruling to the U.S. Court of Appeals for the Eleventh Circuit. The notice also states that, other than the specific entities subject to the court’s ruling, reporting companies are still required to comply with the CTA and file beneficial ownership reports (BOI Reports) with FinCEN. We will continue to provide BOI Report filing services to our clients while closely monitoring the appeals process.

How To Submit:

• Determine if your company is exempt using our CTA Exemption Wizard.
• Complete/save the BOI Report (PDF w/ instructions).
• Produce/save the required identification images for those without a FinCEN ID.
• Complete/save the Employer Identification Application (EIN) if needed (PDF w/ instructions).
• Access CapitolBCM using the buttons below.
• Upload the required files, submit them to us, and sit back.  We will take care of the rest!