Corporate Transparency Act Compliance Software
The Corporate Transparency Act made beneficial ownership a federal reporting obligation. EntityFlo maps BOI for every reporting company in your group and keeps it accurate as ownership changes.
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EntityFlo automates Corporate Transparency Act compliance: it identifies reporting companies, calculates 25%+ owners and substantial-control individuals across complex chains, prepares BOI reports for FinCEN, and tracks the 30-day update window when ownership changes.
Corporate Transparency Act Compliance Software
The Corporate Transparency Act made beneficial ownership a federal reporting obligation. EntityFlo maps BOI for every reporting company in your group and keeps it accurate as ownership changes.
Join BetaWhat the Corporate Transparency Act requires
The Corporate Transparency Act (CTA), administered by FinCEN, requires most US entities — corporations, LLCs and similar — to file Beneficial Ownership Information (BOI) reports identifying every individual who: • Directly or indirectly owns 25% or more of the entity, or • Exercises substantial control over the entity (senior officers, decision-makers, anyone with significant authority). Reports must be filed at formation and updated within 30 days of any change in reported information. Penalties for non-compliance include civil fines of $500 per day and criminal penalties up to $10,000.
The hardest part is the math
Calculating 25%+ ownership sounds simple until your structure includes a trust that holds shares in a holding company that owns 60% of the reporting entity. Now multiply that across 30 entities with cross-ownership, layered SPVs and class-based equity. EntityFlo handles this automatically. The beneficial ownership map looks through every intermediate vehicle — trusts, partnerships, holding companies, foreign parents — and calculates the ultimate individual ownership percentage at the natural-person level. The reporting threshold is applied; the people who must be reported are surfaced.
Substantial control — beyond the 25% test
BOI reporting also requires identifying anyone exercising substantial control: senior officers (CEO, CFO, COO, General Counsel), board members with significant influence, anyone with authority to appoint or remove senior officers, and individuals who direct or have substantial influence over important decisions. EntityFlo tracks officer appointments, board composition and signing authority across every entity, so the substantial control list is generated from current records — not assembled by hand each time a report is due.
The 30-day update window
A common compliance failure pattern: a member transfers their interest, a director resigns, an officer's address changes — and 60 days later no one has updated FinCEN. EntityFlo monitors every change that could trigger a BOI update obligation and surfaces it in the workflow inbox the day it happens.
Audit trail for every filing
Every BOI report prepared in EntityFlo is timestamped, version-controlled and linked to the exact ownership data it was generated from. If FinCEN ever asks how a number was calculated, the calculation chain is auditable end-to-end.
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Frequently asked questions
Is my entity a reporting company under the CTA?
Most US LLCs and corporations are reporting companies. Exemptions exist for publicly traded companies, large operating companies (20+ employees, $5M+ revenue, US presence), regulated entities and certain inactive entities. EntityFlo flags exempt entities automatically.
When do I have to update BOI?
Within 30 days of any change to reported information — including beneficial owner address, name or identifier, and any change to who qualifies as a beneficial owner.
Does EntityFlo file directly with FinCEN?
EntityFlo prepares BOI reports and tracks update deadlines. Direct submission to FinCEN BOI E-Filing is on the roadmap; today, reports are prepared in EntityFlo and submitted via the FinCEN portal.
How is this different from filing it ourselves once?
BOI is not a one-time filing. It must be updated within 30 days of every change. The risk isn't the initial report — it's the missed update three months later that triggers daily penalties.
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