In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains in force. However, reporting companies may continue to voluntarily submit beneficial ownership information reports.
Help your clients find the tools they need to file beneficial ownership information reports
FinCEN estimates that up to half of the 33 million affected businesses will seek the help of their trusted professional advisors for complying with the new beneficial ownership information reporting rules. Although your firm may not plan to file BOI reports on behalf of any or all of your clients, you can still help by pointing them in the right direction.
CT Corporation is part of Wolters Kluwer's Financial & Corporate Compliance (FCC) division, which serves legal, finance, and compliance professionals and small business owners. The CT Corporation Beneficial Ownership solution will guide your clients through a step-by-step and transparent process that reduces the confusion and time spent on each report. The CT Corporation built-for-purpose Beneficial Ownership Platform is:
CT Corporation is part of Wolters Kluwer's Financial & Corporate Compliance (FCC) division, which serves legal, finance, and compliance professionals and small business owners. The CT Corporation Beneficial Ownership solution will guide your clients through a step-by-step and transparent process that reduces the confusion and time spent on each report. The CT Corporation built-for-purpose Beneficial Ownership Platform is:
- Easy to use – reduce confusion using the guided 5-step filing process
- Efficient – the fast and automated filing process can save hours on each filing
- Secure – safeguard sensitive personal information using our robust security protocols
Beneficial ownership information reporting resources for your clients
eBook: Beneficial Ownership Information Reporting
Beginning in 2024 all domestic and foreign reporting companies will have to file a Beneficial Ownership Information (BOI) report with the Financial Crimes Enforcement Network (FinCEN) established under the Corporate Transparency Act.
This ebook will help you determine if an entity is a reporting company, identify the information that you will have to report in the initial BOI report, and
understand key definitions and dates
CT Corporation's Beneficial Ownership Platform
Learn about the large volume filing experience to comply with the Corporate Transparency Act.
Our client communication kit includes an overview of our solutions/options as well as tools such as sample client communication templates and other resources to refer clients to the CT Corporation Beneficial Ownership solution, or help you file on behalf of your customers using CCH Axcess Beneficial Ownership.