MyCompanyWorks, a RASi company (“MyCompanyWorks”), announced the launch of EntityMachine™, an innovative Business Entity Formation and Management API that enables seamless bulk electronic submission of entity formation or post-formation filings to MyCompanyWorks. Filings that can be submitted via the EntityMachine™
Client Alert: Ruling issued in case challenging the Corporate Transparency Act
The Corporate Transparency Act (CTA), which became effective January 1, 2024, was challenged in a federal district court by the National Small Business Association. The case is National Small Business United, d/b/a National Small Business Association, et al. v. Janet Yellen, et
Updated – California Future File Date & Future Effective Date
How can I submit a document with a Future File or Future Effective Date? 1. Future File Date – If it is your intent to file a document with a future file date pursuant to California Corporations Code section 110(a),
RASi Launches CTAComply™ a Highly-Secure Portal for BOI Filings
A Complete Solution for Managing Corporate Transparency Act Reporting Requirements Registered Agent Solutions, Inc. (“RASi”), A Lexitas Company, announced the launch of CTAComply™, a highly-secure compliance management platform, that enables companies to easily comply with the new Financial Crimes Enforcement
Future File Date & Future Effective Date Explained
When can I use Future File or Future Effective Dates?
Delaware – Employee Recognition Event
On Friday, December 8th, the Delaware Division of Corporations will have its Employee Recognition event. Filing cut off times will be changed as follows. 30 Minute filings must be received by 5pm EST 1 Hr filings must be received by
Beneficial Ownership and Substantial Control
On January 1, 2024, entities will be required to file a Beneficial Ownership Information (BOI) report with Financial Crimes Enforcement Network (FinCEN) unless they are exempt. FinCEN has proposed to update the timeline for entities created or registered to do
CTA Updates
As we continue to diligently monitor updates and additional rulings to the Corporate Transparency Act, we want to ensure that you are kept informed. Currently, we aren’t seeing any meaningful updates, but we do have a few highlights to share.
Corporate Transparency Act’s 23 Exemptions
What entities are exempt from reporting? Currently, 23 listed entities are exempt from filing reports under the Reporting Rule. Most exemptions do not directly apply to small businesses and are directed towards larger operating companies. The exemptions include: 1. Securities
The New Corporate Transparency Act
How to Navigate the New Corporate Transparency Act An estimated 32 million entities will need to file by January 1, 2025. Stay Informed The Corporate Transparency Act (the “CTA”) was enacted by Congress in January 2021 and its primary