NEED HELP - I've been tasked with preparing template retainer agreement language for our boutique firm addressing the new reporting requirements under the Corporate Transparency Act. Does anyone have template CTA retainer language they could please send my way? Likely going to be drafting two separate templates (1 - acknowledging the firm will have no filing obligation under the CTA; and 2 - acknowledging the firm will handle initial filings only).

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Just personal opinion, but I would not add this to an engagement letter. Carving this out is creating some assumptions that not mentioning other things is assumed to be included. Are you going to carve out that the firm isn’t going to prepare annual tax returns too? There is a slew of items that firms don’t do, but also don’t state in the engagement letter. Be very careful that you aren’t opening your firm up to arguments that one carve out implies other things aren’t carved out on purpose.

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Sort of agree with this take. Why say you aren’t doing this, but leave open annual state franchise tax filings and other business registration “stuff”?

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