VEIL CTA QUIZ Logo

  • ENTITY FILING STATUS QUIZ

    Determine Your Beneficial Ownership Filing Status in Minutes

  • *** IF YOU REFRESH YOUR BROWSER AT ANYTIME WHILE TAKING THE QUESTIONNAIRE, YOUR INFORMATION WILL NOT BE SAVED.***

    ESTIMATED TIME TO COMPLETE - 7 MINUTES

     

     This short quiz will quickly tell you if your business is subject to this reporting requirement.

    If you have any questions during the quiz, please don't hesitate to reach out to our office.

    Email: renewals@veil.com

    Office: 888-727-7387

     

    - The Veil Paralegal Team

  • ENTITY FILING QUIZ PAGE 1 OF 3

  • An entity qualifies for the inactive entity exemption if all six of the following
    criteria apply:

    • The entity was in existence on or before January 1, 2020.
    • The entity is not engaged in active business.
    • The entity is not owned by a foreign person, whether directly or indirectly,
      wholly or partially. “Foreign person” means a person who is not a United
      States person
    • The entity has not experienced any change in ownership in the preceding
      twelve-month period
    • The entity has not sent or received any funds in an amount greater than
      $1,000, either directly or through any financial account in which the entity
      or any affiliate of the entity had an interest, in the preceding twelve-month
      period.
    • The entity does not otherwise hold any kind or type of assets, whether in the
      United States or abroad, including any ownership interest in any corporation,
      limited liability company, or other similar entity.

  • ENTITY FILING QUIZ PAGE 2 OF 3

  • Large Operating Company definition:

    • Companies that employ more than 20 full-time employees in the US
    • Operating presence at a physical office within the US
    • Filed a federal income tax or information return in the US for the previous year demonstrating more than $5 million in gross receipts or sales

  • ENTITY FILING QUIZ PAGE 3 OF 3

  • Does Your Company Fall Under Any of the Exempt Corporate Transparency Act Categories?

  • Financial, Securities and Investments
    • Bank
    • Domestic credit union
    • Depository institution holding company
    • Money transmitting business
    • Securities issuer
    • Securities broker-dealer
    • Securities exchange or clearing services
    • Other Securities Exchange Act of 1934 entity
    • Registered investment company or advisor
    • Venture capital fund advisor
    • Commodity Exchange Act registered entity
    • Financial market utility
    • Pooled investment vehicle


    Insurance
    • Insurance company
    • State licensed insurance producer


    Other
    • Domestic governmental authority
    • Accounting firm
    • Public utility
    • Tax exempt entity
    • Entity assisting tax exempt entity
    • Subsidiaries of certain exempt entities

  • YOU HAVE COMPLETED THE ENTITY FILING QUIZ. PLEASE PROCEED TO THE FINAL SUBMISSION PAGE.

  • FINAL SUBMISSION AND SIGNATURE

  • Although there are more details to come, such as how to file the report, it is important to be aware of the new reporting obligations. To simplify the process and protect your business from penalties, make sure your company will be ready to comply beginning in 2024.

    If you’re a beneficial owner, you may also wish to discuss the CTA requirements with the team at Veil to be sure you’re ready to help fulfill these new obligations

  • To see your results, please press the SUBMIT NOW button below.

  • Should be Empty: