The 2024 Corporate Transparency Act (CTA) introduces mandatory beneficial ownership information reporting for small businesses and a wide array of entities registered within the United States. As part of this new legislation, companies are required to submit their beneficial ownership information (BOI) to the Financial Crimes Enforcement Network (FinCEN), a division of the US Department of Treasury. Non-compliance carries significant penalties, including fines up to $10,000 and potential imprisonment, not to mention a daily penalty of $500.

Understanding and adhering to these new requirements can be daunting. That's where MeetCTA.com comes in. We offer a secure, automated, and cost-effective solution to ensure your business meets its reporting obligations efficiently and accurately, now and in the future.

It's important to note that utilizing a service like MeetCTA.com is entirely optional. The CTA does not mandate the use of third-party services or the payment of fees for compliance. Businesses can choose to file their BOI directly with FinCEN at no cost. However, many choose our service for the assurance of complete compliance, ease of use, and the elimination of the stress and risks associated with potential non-compliance.