Come join the FinCEN Shield Partner Program
We are the premier provider of CTA/BOI compliance solutions for SMB’s in the U.S.
Earn commissions on customers you refer, get access to custom tracking and receive consistent payments.
Affiliates receive a 20% commission on the lifetime value (LTV) of clients they bring to the program, ensuring ongoing rewards as clients continue to use services.
Additionally, the program includes a 5% Tier 2 commission level.
The CTA, BOI Reporting and Legal Requirements for U.S. Businesses
The Corporate Transparency Act (CTA) mandates certain U.S. businesses to disclose their beneficial owners’ information to the Financial Crimes Enforcement Network (FinCEN).
This legislation primarily targets small corporations, LLCs, and similar entities, requiring them to report details of anyone with ownership or substantial control, defined as holding at least 25% ownership or having significant responsibility to control the company (Senior Officer).
The issue of “substantial control” will only be of concern to businesses that do not qualify for a CTA reporting exemption, particularly the large operating company exemption available to companies that both have 20 full-time employees and reported gross revenue of $5 million on their most recent annual tax return.
The aim is to curb illegal activities like money laundering and financial fraud by enhancing transparency.
- The initial reporting for existing entities must be completed within one year of the CTA’s implementation rules (by 1/1/25).
- New entities formed in 2024 must report within 90 days of formation
- New entities formed in 2025 and beyond must report within 30 days of formation.
- Non-compliance can result in substantial penalties, $500/day up to $10,000 and up to 2 years in jail, underscoring the importance for businesses to adhere to these requirements diligently.
Market Size and Potential
The market potential associated with the Corporate Transparency Act (CTA) is substantial. The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) estimates
that the rule will impact approximately 32.6 million reporting companies in 2024 alone, with five million new reporting companies formed and registered every year going forward.
This includes newly formed entities and existing small businesses, specifically corporations and limited liability companies, that do not operate under extensive reporting requirements similar to publicly traded companies.
The need for compliance services, legal consultation, and software solutions to manage and report beneficial ownership information creates a lucrative opportunity for businesses offering these services.
With stringent penalties for non-compliance, there is a significant incentive for affected entities to seek external expertise, thereby expanding the market for compliance-focused solutions.
FinCEN Shield and why you should partner with Us
Finance Experts
Established by experts in finance, legal, and technology, FinCEN Shield excels in streamlining the compliance process for both direct business owners and professional firms.
Advance Tech & Advisor
We offer a blend of advanced technology and expert advisory services to ensure that businesses can meet their legal obligations with ease and precision.
Dynamic Services
Our services include filing assistance, issuance of compliance certificates, digital record-keeping, and custom compliance strategies, tailored to meet the unique needs of each client.
Dedicated Partner
Whether providing direct services or enabling professional firms to enhance their service offerings through white-label solutions, FinCEN Shield is dedicated to making CTA compliance accessible, manageable, and secure for all businesses.
Overview of Our Partner Program
Additionally, the program includes a 5% – Tier 2 commission.
The program offers a range of resources, including
Our customers think we’re the best
Happy To Answer All Your Questions.
Join the FinCEN Shield Partner Program today and start maximizing your earnings with our generous partner program!
Contact Us