The Corporate Transparency Act (“CTA”) was enacted January 1, 2021, as part of the National Defense Authorization Act, representing the most significant reformation of the Bank Secrecy Act and related anti–money laundering rules since the U.S. Patriot Act. The CTA is intended to address and guard against money laundering, terrorism financing, and other forms of illegal financing by mandating certain entities (primarily small and medium size businesses) to report “beneficial owner” information to the Financial Crimes Enforcement Network (“FinCEN”).
The CTA authorizes FinCEN, a bureau of the U.S. Treasury Department, to collect, protect, and disclose this information to authorized governmental authorities and to financial institutions in certain circumstances.
As currently promulgated, the CTA’s reporting requirements will be phased-in in two stages:
- All new Reporting Companies — those formed (or, in the case of non-U.S. companies, registered) on or after January 1, 2024 — must report required information within 90 days after their formation or registration.
- All existing Reporting Companies — those formed or registered before January 1, 2024 — must report required information no later than January 1, 2025.
Kaniuk Law Office is able to assist your company in determining whether your company is required to file with FinCEN and if so, to assist your company in complying with the CTA requirements.
Why Choose Us?
- Expert Legal Guidance: Ronald Scott Kaniuk, Esq., is licensed in Florida, New York, and New Jersey and brings extensive experience in corporate law.
- Tailored Solutions: We provide customized compliance strategies to ensure your business meets all CTA requirements.
- Comprehensive Support: From initial registration to ongoing compliance, we are with you every step of the way.
Our Services
- CTA Registration Assistance: We handle all the paperwork and filings required to register your company with the US Treasury.
- Compliance Audits: Our team will review your current practices and ensure you meet all CTA requirements.
- Ongoing Compliance Management: We offer services to keep your business compliant year-round, avoiding future penalties and complications.
Get Started Today
Don’t wait until the last minute. Ensure your business is compliant with the Corporate Transparency Act. Contact us today to schedule a consultation.
- Office: 1615 S. Congress Avenue, Suite 103, Delray Beach, FL 33445
- Phone: 561-292-2127
- Email: ron@kaniuklawoffice.com
Text “AskRon” to 321-421-5213