Preparing Florida Businesses for the Corporate Transparency Act (CTA)

Last updated: January 19, 2024
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How Can Florida Business Owners Prepare for the Corporate Transparency Act (CTA)?

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Objective:

Corporate Housekeeping to Ensure Clear Ownership

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Identify the Reporting Company’s Beneficial Owners

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Collect BOI from Applicable Individuals

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Pro Tip: Consider having each beneficial owner obtain a FinCEN identification number, which can be used in place of sensitive information when filing your company’s BOI report. This can help streamline the process and reduce the burden of collecting each owner’s personal information. It can also help keep that information safe, too. Your company can get a FinCEN number of its own, too.

How Often Do I File This Report?

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File the BOI Report Yourself or Use a Reputable Provider To File on Your Behalf

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Pro-Tip. As you’re searching for a third-party provider, you might notice some differences in the costs between corporate law firms such as our own and other non-attorney services. Keep in mind that this is one of those “get-what-you-pay-for-situations” and that the cheaper option could expose you to future problems, such as fraud and lost liability protections. Unlike supposedly cheaper services, lawyers conduct due diligence for their clients and carefully evaluate their situations on a case-by-case basis. We suggest either going all the way and working with an attorney to help keep your ownership information confidential and to ensure accuracy or that you file the report yourself.
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Where Do I File My Company’s BOI Report

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FinCEN Filing
Available Jan 1, 2024.

Beware of Scams

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What Are the Consequences of Not Filing a BOI Report?

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