Year-End Best Practices

Year-End Best Practices

The craziness of year-end is upon us again! Our savvy client service representatives are here to help you navigate your filing deadlines during this hectic time.

Corporate Transparency Act Compliance

The biggest looming deadline relates to the Corporate Transparency Act (CTA). Under this law, all existing companies formed before January 1, 2024, must file their initial BOI report with FinCEN before January 1, 2025. Our handy CTA Exemption Wizard and CTA Beneficial Owner Wizard can assist you in determining if a given company is required to file and, if so, help define who should be listed as the entity’s beneficial owners. Individual BOI reports can be built through our BOI Report Builder and submitted as either a registered or guest user through CapitolBCM, our secure filing platform. For large filing projects, please reach out to our CTA team at CTA@capitolservices.com. You will be provided with a spreadsheet to gather the required information and instructions on how to securely upload that spreadsheet and related documents.

Secretary of State Filings

During the fourth quarter, many filing offices begin to experience delays due to the high volume of filings being submitted, as well as planned and unplanned closures. To prevent missing a deadline, we encourage you to file as early as possible. Consider expediting your filing and taking advantage of the delayed effective dates allowed in some jurisdictions. Remember that some states don’t allow a rejected filing to retain the original submission date. Fear not — our team is here to help! Please contact your favorite client service representative or utilize orders@capitolservices.com to be connected with someone who can assist with your project.

After-Hours Filings

Our after-hours team is available from 7:00p-10:00p Eastern Monday through Friday. If you find yourself in need of assistance outside of our usual business hours, you may contact that team during those hours by emailing orders@capitolservices.com or calling our after-hours number at 888.907.2380.