Let's See If You Qualify For An Exemption To Not File Under The Corporate Transparency Act As Administered By The Financial Crimes Enforcement Network
Your Government Is Very Serious About You Filing

If You describe your company as one of the 23 below then you are probably exempt.

If not then you must file your FinCen report before than January 1, 2025.

Click here if Your Company is one of the 23 company types below Click here to get started on filing your FinCen Report

Are you a company that functions as one of the company types below?

(1)     A Securities reporting issuer     
(2)     A Governmental authority         
(3)     A Bank
(4)    A4 Credit union                             
(5)    A Depository institution holding company
(6)    A Money services business           
(7)    A Broker or dealer in securities
(8)    A Securities exchange or clearing agency           
(9)    An Other Exchange Act registered entity
(10)   An Investment company or investment adviser
(11)    A Venture capital fund adviser                       
(12)    An Insurance company
(13)    A State-licensed insurance producer             
(14)   A Commodity Exchange Act registered entity
(15)   An Accounting firm                         
(16)   A Public utility           
(17)   A Financial market utility 
(18)   A Pooled investment vehicle     
( 19)  A Tax-exempt entity
(20)  An Entity assisting a tax-exempt entity   
(21)   A Large operating company  with over $5,000,000 in gross revenue or with more than 20  full-time employees
(22)  A Subsidiary of certain exempt entities
(23)  An Inactive entity 

What happens if my company does not report with the Financial Crimes Network (FinCen) in the required timeframe? 

Should a person willfully fail to report complete or updated beneficial ownership information to FinCEN as required under the Reporting Rule, FinCEN will determine the appropriate enforcement response in consideration of its published enforcement factors. 

The willful failure to report complete or updated Beneficial Ownership Information (BOI) to FinCEN, or the willful provision of or attempt to provide false or fraudulent Beneficial Ownership Information may result in a civil or criminal penalties, including civil penalties of up to $591 for each day that the violation continues, or criminal penalties including imprisonment for up to two years and/or a fine of up to $10,000. Senior officers of an entity that fails to file the required BOI report may be held accountable for that failure.

Click here if Your Company is one of the 23 company types below Click here to get started on filing your FinCen Report

Sterling C. Couch, III, CPAs, PC

7446 Oak Bay Rd.
Port Ludlow, WA 98365
(360) 437-6750

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The preparation and submission of Beneficial Ownership Information to the Financial Crimes Enforcement Network (FinCEN) is provided as a professional service by Sterling C. Couch. III, CPAs, PC. Please review the full text of important information regarding this process by clicking here.