At OMNI 360 Advisors, we provide expert guidance to ensure your business remains compliant with the Corporate Transparency Act (CTA). Our comprehensive suite of services is designed to support companies in adhering to the CTA’s beneficial ownership disclosure requirements and maintaining compliance with ever-evolving regulations. Below, we break down our CTA Compliance Services, each tailored to meet the needs of both emerging and established businesses.
1. Beneficial Ownership Disclosure
Under the Corporate Transparency Act, businesses are required to report the identities of their beneficial owners—those who own or control 25% or more of the company. Our team at OMNI 360 Advisors assists businesses in accurately identifying and collecting the necessary owner information to meet CTA requirements.
Identification of Beneficial Owners
We work closely with you to gather comprehensive information on individuals with significant ownership or control of your company. This includes individuals holding 25% or more equity interest, ensuring that your reporting reflects the true ownership structure.
Verification of Ownership Accuracy
Our compliance experts will validate the ownership information you collect, ensuring it is accurate and current and reflects actual ownership. We also assess control structures to ensure they align with the ownership reporting requirements.
Filing Beneficial Ownership Information
Once ownership information is identified and verified, OMNI 360 Advisors assists in filing this information with the Financial Crimes Enforcement Network (FinCEN). Our team ensures your business stays compliant by submitting the required forms in accordance with the CTA regulations.
2. Compliance Risk Assessment
Understanding the risks associated with non-compliance is critical. OMNI 360 Advisors offers in-depth assessments to ensure that your business is adhering to the CTA requirements and is prepared for any regulatory changes.
Internal Review of Ownership Structures
We assess your company’s structure and ownership to evaluate compliance risks and identify potential gaps in the disclosure of ownership. Our detailed internal reviews uncover any areas where the business may be vulnerable to regulatory scrutiny.
Industry-Specific Regulatory Analysis
The Corporate Transparency Act is part of a broader regulatory environment that impacts different industries differently. We help businesses navigate how the CTA applies to their specific industry, taking into account regulatory nuances that may affect compliance requirements.
Actionable Recommendations
Based on our risk assessment, OMNI 360 Advisors provides detailed recommendations for addressing compliance gaps, optimizing ownership structures, and mitigating risks. Our advisory services guide you on how to update your ownership and control structures to align with the law.
3. Ongoing Compliance Monitoring & Updates
Maintaining compliance under the CTA is an ongoing responsibility. OMNI 360 Advisors helps businesses establish systems for continuous monitoring and reporting to stay on top of regulatory requirements.
Ongoing Monitoring of Ownership Changes
We help businesses monitor any changes in ownership that would require updates to the beneficial ownership filings. This proactive approach ensures your business is always in compliance, even when ownership structures evolve.
Tracking Legislative Updates
The Corporate Transparency Act is subject to updates, and regulatory changes are frequent. Our team keeps you informed about legislative developments and any modifications to the CTA or related regulations that may affect your business.
Annual or Periodic Reporting Assistance
OMNI 360 Advisors provides support for filing updates to your beneficial ownership records as necessary, either on an annual or periodic basis, ensuring your business stays compliant with all reporting requirements.
4. Corporate Governance & Ownership Structure Optimization
Ensuring that your ownership structure aligns with CTA requirements is key to maintaining compliance. Our experts provide strategic consultation on structuring your company’s ownership to optimize both compliance and operational efficiency.
Optimizing Ownership Structure for Compliance
We advise businesses on structuring their ownership to both comply with the CTA and maximize operational and tax efficiency. By optimizing your ownership structure, we help your business minimize its risk and streamline its operations.
Documenting Changes in Ownership
Any changes in ownership must be properly documented and reflected in corporate records. Our team helps businesses ensure that all ownership modifications are accurately recorded and filed to maintain transparency.
5. Regulatory Guidance & Education
The complexity of CTA compliance can be overwhelming. OMNI 360 Advisors provides ongoing education and regulatory guidance to empower your corporate officers, executives, and compliance teams with the knowledge needed to meet compliance standards.
Corporate Transparency Act Training
We offer comprehensive training programs that educate your team on the intricacies of the CTA, including the legal obligations, compliance requirements, and potential penalties for non-compliance. With our training, your team will be equipped to handle ownership disclosures efficiently.
Navigating Legal Intersections
The CTA interacts with other regulations, such as anti-money laundering (AML) laws, and our experts provide advisory services to ensure your business understands how to navigate these complex intersections.
6. Entity Formation & Modification Services
Whether you are forming a new entity or updating an existing one, OMNI 360 Advisors is here to guide you through the process of structuring your business to meet the Corporate Transparency Act’s ownership disclosure requirements.
Formation of Compliant Business Entities
For businesses just starting out, we offer support in setting up compliant ownership structures. We ensure that all beneficial owners are correctly identified and reported in accordance with CTA regulations, helping you avoid compliance issues right from the outset.
Updating Existing Entities
If your business is already established, we assist in revising your entity’s documentation to reflect the accurate beneficial ownership information as required by the CTA. Our team makes sure that your existing records are up-to-date and compliant with all necessary legal standards.
7. CTA Filing & Documentation Support
OMNI 360 Advisors provides hands-on assistance with electronic filings to ensure your business meets all CTA filing requirements. We also ensure that all necessary documentation is maintained for potential audits.
Electronic Filing Assistance
We simplify the filing process by providing direct support with electronic submissions to FinCEN. Our team ensures that your beneficial ownership information is filed correctly and promptly through the appropriate platforms.
Maintaining Documentation & Record-Keeping
In compliance with the CTA, maintaining accurate records is essential. OMNI 360 Advisors helps businesses manage and organize their corporate records in accordance with CTA requirements, ensuring all documents are easily accessible for audits or regulatory inspections.
Why Choose OMNI 360 Advisors for CTA Compliance?
OMNI 360 Advisors brings a wealth of experience in regulatory compliance and business law. Our team is committed to providing tailored solutions for companies of all sizes, ensuring your business remains fully compliant with the Corporate Transparency Act while optimizing your ownership structures and operational efficiency. Whether you’re a newly formed business or an established entity, our comprehensive services are designed to guide you through the complexities of CTA compliance with ease.
Get Started with OMNI 360 Advisors Today
Navigating the requirements of the Corporate Transparency Act can be complex, but with the right guidance, your business can remain compliant and protected. Contact OMNI 360 Advisors today to learn how we can help streamline your CTA compliance process, minimize risks, and set your business up for long-term success. Our experts are ready to assist you in all aspects of the CTA, from ownership reporting to ongoing compliance monitoring.By tailoring our CTA compliance services to the unique needs of each client, OMNI 360 Advisors provides businesses with peace of mind, knowing that their ownership disclosures are accurate and compliant. Let us help you stay ahead of the curve with professional support, regulatory updates, and comprehensive guidance. Call 609-452-0889 today.
