Services Provided by FinCEN Filer, LLC
FinCEN Filer, LLC’s purpose is to prevent its customers from being fined $500/day because they did not file an initial or amended FinCEN report required by the Corporate Transparency Act (CTA). The CTA provides that all “reporting companies” must file a report with the Financial Crimes Enforcement Network (FinCEN) of the U.S. Treasury that discloses certain information about its beneficial owners and its applicant or the company may be subject to a $500/day fine. If any information in a filed FinCEN report changes, the reporting company must file an amended FinCEN report within thirty days of the change to avoid the $500/day fine.
A “beneficial owner” is an individual who, directly or indirectly, through any contract, arrangement, understanding, relationship, or otherwise (i) exercises substantial control over the entity, or (ii) owns or controls not less than 25 percent of the ownership interests of the entity. An “applicant” is the person who filed the reporting company’s formation document with the state agency of the state in which the entity was formed.
FinCEN Related Services We Offer
- FinCEN Identifier Acquisition service. We get a FinCEN identifier for a beneficial owner of a reporting company or for a reporting company.
- Prepare & file an initial or an amended FinCEN report for a reporting company.
- Automatic email reminder system that sends an email to each beneficial owner and to the reporting company’s management reminding them of the information contained in the reporting company’s last FinCEN report and notifying them that if any information has changed the reporting company must file an amended FinCEN report within thirty days of the change to avoid the $500 a day late filing penalty.
Because FinCEN has not yet created a system for filing reports or obtaining FinCEN identifiers we cannot sell any of our services. If you are interested in any of our services you should subscribe to our free Corporate Transparency Act newsletter by clicking on this link then entering your information. Our newsletter will notify you when it is possible to file a FinCEN report and obtain a FinCEN identifier and we are selling our services.