Frequently Asked Questions

FAQs – Frequently Asked Questions

What Is a Labor Law Poster?

A labor law poster is a required workplace notice that informs employees of their rights under federal, state, and local laws. These posters must be displayed in common areas such as break rooms, near time clocks, or employee lounges to ensure visibility.

Key Federal Poster Requirements:

• Minimum Wage – Federal wage and overtime rules

• Equal Employment Opportunity (EEO) – Non-discrimination laws

• FMLA – Family and medical leave rights

• OSHA – Workplace safety regulations

• EPPA – Employee polygraph protection

• USERRA – Reemployment rights for service members

Why It Matters:

• Compliance – Required by law; missing posters can lead to fines

• Employee Awareness – Keeps employees informed of their rights

• Legal Protection – Reduces risk of claims or disputes

What Is an Annual Report?

An annual report provides a detailed overview of a company’s financial performance and operations over the past year. While often associated with public companies, some private entities and nonprofits are also required to file.

Typical Components:

• CEO/Chairman Letter – Company highlights and future direction

• Business Overview – Mission, values, services, and market position

• Financials – Balance sheet, income statement, cash flow

• MD&A – Management insights into performance and strategy

• Notes – Accounting policies and additional financial detail

• Governance – Board, leadership, and policy disclosures

• Auditor’s Report – Third-party assurance on financial accuracy

• CSR/ESG – Environmental and community initiatives

• Shareholder Info – Stock, dividends, and annual meeting details

Why It Matters:

• Transparency & Trust – Builds credibility with stakeholders

• Informed Decisions – Helps investors and analysts evaluate the company

• Regulatory Compliance – Required by federal or state law for many entities

What Is a BOI Filing?

BOI stands for Beneficial Ownership Information. This filing is a new federal requirement under the Corporate Transparency Act, effective January 1, 2024.

What It Does:

BOI filings disclose the names and details of individuals who own or control a company. This information is submitted to the Financial Crimes Enforcement Network (FinCEN) to prevent fraud, money laundering, and shell companies.

Who Must File:

Most LLCs, corporations, and similar entities formed in the U.S. must file—unless exempt.

When to File:

• New businesses in 2024: within 90 days of formation

• Existing businesses (before 2024): by January 1, 2025

• Updates: within 30 days of any change in ownership or information

What Is a Certificate of Good Standing?

A Certificate of Good Standing is an official state-issued document that confirms a business is properly registered and in compliance with state requirements.

Why It Matters:

• Needed to open business bank accounts

• Required for state licenses, permits, or foreign registrations

• Shows lenders, partners, or vendors that your business is active and legitimate

It typically includes your business name, registration number, and confirmation that all required filings and fees are up to date.

What Is an EIN?

An EIN (Employer Identification Number) is a 9-digit number issued by the IRS to identify a business for tax purposes. It’s like a Social Security Number for your business.

Why You Need It:

• To open a business bank account

• To hire employees

• To file tax returns, apply for business credit, and more

Even if you don’t have employees, you may still need an EIN for legal or financial transactions.

Common Questions

Why do you need my information?

We use your information strictly to complete filings with the appropriate state and federal agencies. We do not sell, share, or use your data for any unrelated purposes.

Are you a government agency?

No. Corporate Assistance is a private third-party service. We are not affiliated with the IRS, FinCEN, or any state government. We assist with filings and compliance processes, but do not provide legal or financial advice and are not a law or accounting firm.

How do I request a refund?

If you are not satisfied, you may request a full refund within 30 business days of your order. Email us at support@corporateassistance.org to begin the process — no questions asked.