In forming 8,900+ Arizona LLCs we have had thousands of happy clients. A few testimonials are shown below, but here is how to access the complete list of satisfied LLC purchasers:
Warning for All LLCs Regardless of When They Were Formed
Corporate Transparency Act
On January 1, 2022, a federal law called the Corporate Transparency Act (CTA) became effective. This law requires almost ALL U.S. entities to file a report about the company and its beneficial owners with the Financial Crimes Enforcement Network (“FinCen”) of the U.S. Treasury. Reporting companies that fail to file the report or that file an incomplete report can be fined $500/day.
Reporting companies created before January 1, 2024, must file their FinCEN report before January 1, 2025. Reporting companies created after December 31, 2023, have 30 days after their creation date to file their FinCEN report. All reporting companies have 30 days to report changes to the information in their previously filed reports and must correct inaccurate information in previously filed reports within 30 days of when the reporting company becomes aware or has reason to know of the inaccuracy of information submitted in an earlier report.
If you have any reporting companies we recommend that you hire FinCEN Filer, LLC to prepare and file your company’s FinCEN report.
To learn how to avoid the CTA’s nasty penalty see our articles called “Your Entity May be Fined $500/Day If It Does Not File a FinCen Report” and “What to Do Now.”
All LLCs we form include an Operating Agreement that explains the CTA and how to comply with the new law and avoid the $500/day fine.