Q: Are there any exemptions available under the Corporate Transparency Act, and how can my business qualify for them?
A: The CTA acknowledges 23 types of entities that are exempt from BOI reporting requirements. These exemptions are for entities like credit unions, public utilities, large operating companies, SEC-registered investment companies, venture capital fund advisers, and certain inactive entities. To qualify for an exemption, your business must meet the specific criteria outlined in the legislation and FinCEN’s guidance.
Q: How can EnRoute Family Office assist my business in initiating compliance with the Corporate Transparency Act?
A: We’re here to make your CTA journey smooth and stress-free! We can help with:
Beyond that, we offer a range of advisory services to fit your specific needs, from initial reporting to ongoing compliance monitoring. Simply reach out, and we’ll tailor a solution to make CTA compliance a breeze for your business.
For more information on our offerings, contact us today!