It was a pleasure to speak last week with John Ray of Business Radio-X about FinCEN Report Company.
I co-founded FinCEN Report Company, LLC to help companies file beneficial ownership reports with FinCEN, the U.S. Treasury Department’s Financial Crimes Enforcement Network.
The Company is preparing the first-to-market secure data storage and collaboration solution for the Corporate Transparency Act.
Our CTA Compliance Hub will allow companies and their attorneys to create free accounts for their individual data and then collaborate securely to prepare beneficial ownership reports. Each reporting company will pay a subscription fee at the time it files its initial beneficial ownership report. That annual subscription fee will cover the initial report and any subsequent amendments the company may make in the following year.
John Ray and I talked about how the Corporate Transparency Act will change the way founders and their investors interact with each other.