Starting January 1, 2024, the federal reporting law, the Corporate Transparency Act, will impact over 33 million businesses. This new law will require reporting companies to disclose information about the company, company applicants, and the company's beneficial owners in a beneficial ownership information (BOI) report submitted to the U.S. Department of Treasury's Financial Crimes Enforcement Network (FinCEN).
This is not a one time filing and will require ongoing compliance. Plus, who qualifies as a reporting company and beneficial owner is defined by the law and failure to disclose the correct information could result in civil penalties of $500 per day and criminal penalties of up to 2 years in prison and/or up to $10,000 in fines.
Click here to read more about the CTA in our blog article.
Legacy Legal is here to help you Comply with CTA in 3 ways:
Are you prepared to comply with the new federal reporting law, the Corporate Transparency Act (CTA)?
Many have not heard about this federal law that will impact more than 33 million businesses and carries with it penalties of $500 per day and criminal penalties of up to 2 years in prison and upwards $10,000 in fines.
This is not the law you want to DIY solo, that is why Legacy Legal & Consulting Firm & our founder, Chayla Jackson, Esq. is providing this CTA Walkthrough Training to help you understand and comply with this new law. Not to mention, keep money in your pockets.
The Corporate Transparency Act Walkthrough Training is designed to equip business owners, real estate investors, nonprofits, and trust beneficiaries with the knowledge and skills needed to navigate the complexities of the CTA effectively and skip the stress and worry of compliance.
Why risk a mistake and stress over whether you did it "right" when you can prepare your business for compliance success with the CTA Walkthrough Training.
*** Legal services are not included.
VIP investment in the CTA WalkthroughTraining includes lifetime access to the CTA Compliance Portal.
Inside the CTA Compliance Portal, you will find:
CTA Compliance Portal goes beyond the live trainings to include additional strategies, tips, and resources to make compliance stress free and cover legal areas in your business that the CTA triggers.
Simply put… the CTA Compliance Walkthrough Training is for aspiring and current:
If you have a business or are thinking of starting one, this training is for you.
If you are an aspiring or current nonprofit owner or executive, yes, 501 tax exempt organizations are exempt from reporting under the CTA, but if you lose your status or are waiting to receive it, you must comply with CTA reporting requirements. This training is for you.
This training is NOT for:
Spend 2 hours with me, business attorney Chayla C. Jackson, Esq., training to comply with the CTA. I am a licensed attorney with over 7 years of legal experience. A graduate of Georgetown Law and a business owner myself. I know first-hand that attorneys can get caught up in the legal lingo and forget the practical side of business. That is why I teach the legal lingo along with real life examples that my clients and the CEOs in my legal membership can understand. Aside from being featured in the Baltimore Business Journal and Voyage Magazine, I work with CEOs to implement practical legal strategies that get results.
Let's be real. You didn't go to law school. You don't really have the time to dig into the twists and turns of the law like I can. That is why I want to train you to file your own reports and skip the $500 per day fine and jail.
You can pay me or another attorney to file for you, but this is not a one-time filing. What you do or don't do could trigger a new report and only you are the best person to know when its time to comply.
Save yourself the money and headache by learning how to DIY your own CTA compliance and I want to show you how.
Walk away from this 2 hour training with no confusion about what you need to do next. Plus, learn the strategies that will ease the burden of adding one more thing to your plate.
Don't let the Corporate Transparency Act catch you off guard. Legacy Legal is here to provide the support you need beyond the training.
Schedule a CTA Legal Consultation to get your questions answered and navigate you safely through the new law.
Hire us to file for you. Get started by scheduling a call and receive a filing fee. Filing fees start at $125.
Stay in the know and Subscribe to the CTA Mailing list. Receive updates on the CTA straight to your inbox.
Reach out to Legacy Legal & Consulting for expert legal advice, compliance solutions, and CTA training. Your pathway to securing business success starts here.
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Legacy Legal & Consulting Firm is a virtual law firm serving businesses and nonprofits. All content on this site is for educational and informational purposes only and should not be considered legal advice. No attorney-client relationship is created by your use of this site, registration for any webinar or training, or purchase or download of any ebook or product. Unless we contract for ongoing services, our representation ends at the conclusion of any service.
CTA Compliance services are offered in all 50+ U.S. states and territories. Our other legal services are available only for Maryland and the District of Columbia.
Comply with CTA is brought to you by Legacy Legal for training and educational purposes. No legal advice or services are included with any purchase, unless expressly stated.
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