How are you handling Corporate Transparency Act Compliance?
I guess everyone's probably heard about the CTA. As you're well aware, the CTA mandates specific disclosures from small to medium-sized businesses to the Financial Crimes Enforcement Network (FinCEN), aiming to combat money laundering and financial fraud by enhancing corporate transparency. If you're looking to simplify the process for your clients, I've found using a specialized service can be a game-changer. They handle the nitty gritty details of identifying beneficial owners, ensuring accurate and timely reporting, and even assessing if any exemptions apply to your clients. A friend of mine has set up a CTA Compliance platform that handles all of it. His name is Jeff Knight, and the company is CTA Compliance Advisors. He's an attorney who's moved into the tech and startup world. Here's my affiliate link, which you can feel free to use if you want to register entities or streamline the compliance process: https://www.meetcta.com/?via=mike Alternatively, if you're interested in offering similar advisory services directly, reach out to Jeff at jeff@meetcta.com, mention my name, and he'll talk with you about getting your own affiliate link for client referrals if you want. I thought this was a great service. I've started using it with my clients since the launch this month and wanted to let you guys know about it. Mike