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Corporate Transparency Act

Avoid Federal Fines and File for Free

Enacted to curb illicit finance, the Corporate Transparency Act (CTA) requires that businesses report information about the individuals who own or control them to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) by December 31, 2024. Any newly formed businesses must do the same within 90 days of being registered with the state.

Businesses will be fined for not registering the appropriate information. Completing the form is free. You do not need to pay to process this one-time filing for your business.

Be advised that businesses may be subject to civil penalties of $500+ for each day that they have not completed the filing requirement.

Complete the form

Additional Information and Guidance

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Informational Webinars in Multiple Languages

The NYC Department of Small Business Services (SBS) has partnered with the Legal Aid Society and Patterson Belknap to present a series of webinars for businesses owners to learn:

  • which companies need to file
  • the contents and timing of the filings
  • the process of completing such filings

Companies formed prior to January 1, 2024, need to complete their submissions by the end of 2024, and we will be hosting at least one info session per month before the December 31, 2024, deadline.

Register for an upcoming webinar.

The webinar presentations are also available in multiple languages*:

* This presentation is for informational and educational purposes only and does not provide legal advice or counsel. The translations were provided by the NYC Department of Small Business Services.

Attend an Upcoming Webinar

Materials in Other Languages

FinCEN has developed a compliance guide translated into 11 languages, along with other materials.

Please be aware that the Beneficial Ownership Information (BOI) reporting site is in English. SBS has translated PDF versions of the reporting site below: