Our Corporate Compliance and CTA Filing Service: What It Covers
Incorporating in the US is only your first step. Neglecting your state annual filings and internal corporate records invites administrative dissolution, and if your company was formed abroad and registered to do business in a US state, your federal Beneficial Ownership Information (BOI) report still carries real penalty exposure. We track these deadlines. We file the paperwork.
Our team manages three compliance areas: the federal BOI report under the Corporate Transparency Act (CTA), state-level annual reports and franchise taxes, and corporate governance documents like operating agreements or meeting minutes. We handle the administrative filings so you can run your business.
For a detailed breakdown of CTA rules, affected entities, and statutory deadlines, read our Corporate Transparency Act guide. This page explains how we manage these filings on your behalf.
We File Your BOI (Beneficial Ownership) Report for You
Under the 2025 FinCEN change, most US-formed companies are exempt from the federal BOI filing; only companies formed abroad and registered in the US report. So our first job is to clarify whether your company is actually obligated. The CTA mandates that covered entities report beneficial ownership data to the Financial Crimes Enforcement Network (FinCEN). Regulatory updates and federal court rulings throughout 2024 and 2025 altered these filing deadlines and exemption criteria. Errors or late submissions carry severe civil and criminal penalties.
We manage this entire reporting process. Our attorneys verify your company's reporting status, identify the correct beneficial owners, prepare the data, and submit the filing directly through FinCEN's official BOI channel. We also file required amendments when your company's ownership or address changes. Let us handle the details.
State Compliance and Keeping "Good Standing"
Federal filings are only half your burden. Your state of incorporation requires regular annual reports and franchise tax payments to maintain active status. Neglecting these state filings leads to administrative dissolution. This freezes bank accounts and voids corporate contracts.
We monitor your state deadlines, file annual reports, pay franchise taxes, and maintain your registered agent service. If your business operates across multiple states, we centralize these distinct filing calendars. One missed state deadline can halt your operations. We prevent that.
Corporate Governance and Protecting the Liability Shield
Your limited liability company (LLC) or corporation only shields your personal assets if you respect corporate formalities. Commingling funds, failing to hold annual meetings, or keeping disorganized records allows creditors to pierce the corporate veil during a lawsuit. Do not risk your personal savings.
We draft and organize your operating agreements, shareholder resolutions, meeting minutes, and stock ledgers. These documents protect your corporate structure during audits, venture capital due diligence, or an eventual business sale.
The Legal Consequences of Non-Compliance: Why Professional Support?
Corporate neglect triggers compounding legal risks. A forgotten state filing triggers administrative dissolution; missing minutes destroy your liability shield; and for companies still within BOI's narrowed scope, a missed report invites federal fines. A single calendar oversight can dismantle your entire US business structure.
In the files we manage, clients rarely ignore the law; they simply miss a deadline. Our team acts as your compliance safeguard by mapping your deadlines and filing documents before penalties accrue. We monitor FinCEN and state registries directly to track shifting regulatory dates and penalty structures on your behalf.
Compliance and Immigration: Protecting Your E-2 or L-1 Status
For foreign nationals operating on investor or intracompany transfer visas, corporate compliance directly impacts your lawful status. Maintaining E-2 or L-1 visa status requires an active, legally operating US enterprise. An administratively dissolved company cannot support a visa renewal. Your status depends on your compliance.
In our team's practice, we integrate corporate compliance directly with immigration strategy. We coordinate our E-2 investor visa service and our L-1 transfer service with your ongoing corporate filing requirements. If you recently incorporated, review the necessary next steps in our guide on what to do after forming a US company.
What Is the Corporate Transparency Act?
The Corporate Transparency Act requires companies formed in, or registered to do business in, the United States to report their beneficial owners to FinCEN, a bureau of the Treasury Department. The purpose is to record who actually stands behind a company and to limit the use of shell entities. The reports are not public; access is limited to authorised agencies. Scope and obligations have shifted several times through rulemaking and litigation, so a company's current position should be checked each cycle.
Who Counts as a Beneficial Owner?
A beneficial owner is an individual who owns at least 25 percent of the company or exercises substantial control over it. Substantial control is not limited to equity: serving as a senior officer, holding authority to appoint or remove directors, and directing important decisions all qualify. In foreign-owned structures, indirect ownership through layered entities is counted too, which means mapping the chain from a Turkish holding company down to its US subsidiary.
What Information Is Reported?
For the company: legal name, any trade names, US address, jurisdiction of formation and taxpayer identification number. For each beneficial owner: full name, date of birth, residential address, and the number and image of a passport or identity document. When information changes, through an address change, a renewed passport or a shift in ownership, an updated report is due within 30 days. That updating duty is missed more often than the initial filing.
Consequences of Non-Compliance, and How We Help
Wilfully failing to report or providing false information can bring civil penalties and, in serious cases, criminal liability. Yellow Law Group reviews the corporate structure to determine who qualifies as a beneficial owner, prepares the filing and sets up the schedule for updates. For foreign-owned companies, running this alongside entity formation and visa work keeps the record consistent across filings.
Why Yellow Law Group?
Yellow Law Group advises Turkish business owners from our headquarters in Plano (Texas), and our offices in Chicago (Illinois), Irvine (California), Alpharetta (Georgia), and Fairfield (New Jersey). Our attorney team brings over 10 years of collective experience in business and immigration law. We handle both your visa and corporate compliance under one roof.
We guide your business from initial setup through annual maintenance. Initiate your entity setup through our company formation service and secure your compliance management here. Read our attorney profiles on our team page, then book a consultation on our contact page to discuss your corporate obligations.
