Need Help Filing Your Beneficial Ownership Information Report? Start Here.
If you're a small business that's perplexed about the Corporate Transparency Act, you're not alone. The Corporate Transparency Act (or “CTA”) is an anti-money laundering law that was enacted in 2021 that requires corporations and LLCs to report information about their beneficial owners and company applicants. But what's a beneficial owner? And what's a company applicant?
This guide explains the definitions of each, explains how the law applies, and walks you through your compliance obligations, with step by step instructions and images. We also includes tips and tricks based on our own experience filing through the FinCEN system. All for the one-time fee of $59!
Want to Learn More Before You Commit?
We get it!
The guide is 30 pages and includes the following sections (and more!):
- How to Use this Guide
- What is the Corporate Transparency Act?
- Do You Need to File?
- How to Prepare to File
- Deep Dive: Beneficial Owners
- Deep Dive: Company Applicants
- Deep Dive: FinCEN IDs
- Filing Your BOI
- Troubleshooting Common Issues
- Correcting and Updating BOI Reports
- Wrapping Everything Up
How is this Different From Other Guides?
Full disclosure: we've not read every guide that exists on the internet.... While we're not all-knowing beings, we have been around the block!
This guide was drafted by our team, who has successfully filed numerous Beneficial Ownership Information reports for our clients in various different industries.
This guide not only includes the basic step-by-step instructions, it also includes "legalese translation" (AKA, we tell you what certain legal phrases mean in plain English), tricks for navigating the FinCEN reporting system, and tips for troubleshooting.
What People Are Saying
"I highly recommend working with [this] team as they made the process very easy to complete the CTA BOI process. As a busy small business owner, my time is valuable and I don't want to spend time figuring out important legal forms on my own...I plan on using them again in the future." - Kirstin Filizetti PhD, Business Owner, Filizetti Psychological Services
"Over the holidays, I started getting scary Instagram ads about the Corporate Transparency Act and how my business would be subject to hundreds of thousands of dollars in fines if I didn’t immediately file complicated Beneficial Ownership Information paperwork. I made a note to follow up with my legal team at Better in the new year, but before I even could, they proactively reached out to me with information on exactly what the CTA BOI is and what I needed to do about it. I have incredible peace of mind knowing that the folks at Better always have my back on things like this." - Jay Buys, Small Business Owner, Visceral
"I am the founder and owner of a small business in the consumer product business and we discovered Better APC as fellow certified B Corp. We have been working with [them] for several years now...and I can’t speak highly enough of their work and value they add to businesses who are not big enough to have expensive in-house counsel. Both Sam and Olivia are consummate professionals who show a lot of care....They are also proactive in helping [us] manage things before they become a problem. For instance, I had only recently read about the Corporate Transparency Act and the upcoming Beneficial Ownership Information (BOI) reporting requirement, and was pleasantly surprised when I found that [Better] already set up a easy-to-use form online. Would highly recommend their service to anyone." - Will Chen, Small Business Owner, P.L.A.Y.