CTAboi LLC

Helping small businesses navigate BOI filings under the new federal law, The Corporate Transparency Act.

[CTAboi LLC @CTAboiLLC]

GAO releases audit of access rules of BOI data from approved agencies.

“In our interviews with two pilot
agencies and review of their initial reports, we found they had not yet developed training and relied on FinCEN to provide the initial training.”

https://t.co/frKf7Vse7A

[CTAboi LLC @CTAboiLLC]

@frazerrice Also the court did NOT enjoin the FinCEN ID update obligations if you have

[CTAboi LLC @CTAboiLLC]

@frazerrice A small example of how the Texas court goofed by enjoining the entire CTA.

The court (perhaps mistakenly) enjoined the penalties for the government wrongfully disclosing the information and the safeguards in place for protecting the info.

[Frazer Rice @frazerrice]

@jennyrozelle I filed my report (and it was an easy experience given 100% ownership) using @CTAboiLLC - just have the EIN and your drivers license handy

[CTAboi LLC @CTAboiLLC]

@copethyself Fines are $591 per day adjusted for inflation. That’s $251k/year or $2.5 million over 10 years.

Any mistake or failure to timely file or update can trigger fines.

About half the people who file themselves make mistakes on the report, leaving out middle names, etc.

[CTAboi LLC @CTAboiLLC]

@TedAkari Fines are $591 per day adjusted for inflation. That’s $251k/year or $2.5 million over 10 years.

Any mistake or failure to timely file or update can trigger fines.

About half the people who file themselves make mistakes on the report, leaving out middle names, etc.

[CTAboi LLC @CTAboiLLC]

@DaMoshu Fines are $591 per day adjusted for inflation. That’s $251k/year or $2.5 million over 10 years.

Any mistake or failure to timely file or update can trigger fines.

About half the people who file themselves make mistakes on the report, leaving out middle names, etc.

[CTAboi LLC @CTAboiLLC]

@AaronAmeen Fines are $591 per day adjusted for inflation. That’s $251k/year or $2.5 million over 10 years.

Any mistake or failure to timely file or update can trigger fines.

About half the people who file themselves make mistakes on the report, leaving out middle names, etc.

[CTAboi LLC @CTAboiLLC]

@SoularBloom Also LCC should be LLC…
Making that mistake on your BOI Report costs $591 per day adjusted for inflation. That’s $251k/year or $2.5 million over 10 years.

Any mistake or failure to timely file or update can trigger fines.

[CTAboi LLC @CTAboiLLC]

@freedomite @SoularBloom Fines are $591 per day adjusted for inflation. That’s $251k/year or $2.5 million over 10 years.

Any mistake or failure to timely file or update can trigger fines.

About half the people who file themselves make mistakes on the report, leaving out middle names, etc.

[CTAboi LLC @CTAboiLLC]

@lilibalfour Fines are $591 per day adjusted for inflation. That’s $251k/year or $2.5 million over 10 years.

Any mistake or failure to timely file or update can trigger fines.

About half the people who file themselves make mistakes on the report, leaving out middle names, etc.

[CTAboi LLC @CTAboiLLC]

@copethyself Technically FinCEN only allows a third party filer to advertise:
“authorized API participant”... a grant of API access neither constitutes nor implies endorsement of services or software.

[CTAboi LLC @CTAboiLLC]

@CaliJayy__ The penalty is now $591 per day with inflation. That’s $251k for every year a company is not in compliance. 10 years out of compliance and fine would be $2.5 million!

[Frazer Rice @frazerrice]

Getting ready for the Corporate Transparency Act (next month!) with @IncNow - on Spotify.

https://t.co/QYainHr5Pk

[Frazer Rice @frazerrice]

Two-time guest!
An exclusive club . . . Hahaha!

[Frazer Rice @frazerrice]

January 1, 2024 - the clock starts on reporting for the Corporate Transparency Act.

This affects over 32million corporate entities. Many of these are small businesses and wealth clients who engaged in sophisticated estate planning. ⁦@IncNow⁩ https://t.co/RP4wMGSON9

[Frazer Rice @frazerrice]

https://t.co/u1bk2cTP0O