Need to complete your FinCEN report?
Corporate counsel to new, emerging and established enterprises in North Carolina and Nationwide
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Need to complete your FinCEN report?
Corporate counsel to new, emerging and established enterprises in North Carolina and Nationwide
Raymond C. Hedger, Jr. founded and manages the firm. Prior to founding Hedger & Hedger in 1979, Mr. Hedger was associated with the Harrisburg firm of Smith, 
Chamberlain & Hedger and the New York firm of McKenzie, Cabel, Martin & Greene. He is a former adjunct professor of taxation at Franklin and Marshall College and guest lecturer in corporate finance and corporate reorganizations at Penn State Dickinson School of Law and Widener University School of Law. Mr. Hedger retired from the United States Marine Corps Reserve with the rank of Lieutenant Colonel.
Mr. Hedger completed his undergraduate studies at Muhlenberg College. While at Muhlenberg, he studied for a year at the University of Paris (Sorbonne) where he earned the Diplôme d’Études – Degré Supérieur. He received his Juris Doctorate from Penn State Dickinson School of Law and his Master of Laws in Taxation from Georgetown University Law Center.
Mr. Hedger has lectured widely on the subjects of corporate finance and pension planning. Additionally, he has conducted numerous continuing professional education seminars for members of the legal and accounting professions.
Mr. Hedger has been admitted to practice before the Supreme Court of Pennsylvania, Pennsylvania Federal District Courts, the United States Court of Military Appeals, the United States Tax Court and the United States Supreme Court. His leisure activities include sailing, skiing and singing bass with symphony choruses.
Hedger & Hedger, 115 Country Club Drive, Hertford, NC 27944
717-215-9703
In 2021 Congress enacted the Corporate Transparency Act (CTA) which became effective on January 1, 2024. The CTA is intended to protect national security by combatting the use of “shell” companies to commit money laundering, tax evasion, fraud, corruption, terrorism and other illegal activities.
To this end, the CTA requires that most small businesses formed by filing organizational documents with government agencies (“reporting companies”) file Beneficial Ownership Information Reports (BOIRs) with the Financial Crimes Enforcement Network (FinCEN).
Reporting companies may include business corporations, professional corporations (PCs), limited liability companies (LLCs), limited partnerships (LPs), limited liability partnerships (LLPs) and other entities formed pursuant to filings with a secretary of state or similar office. Sole proprietorships and general partnerships are among the entities exempt from compliance with the CTA.
Reporting companies formed prior to 2024 have until January 1, 2025 to file their BOIR with FinCEN. Reporting companies formed in 2024 have 90 days from their date of formation to file their BOIR. Reporting companies formed after 2024 will have 30 days from their date of formation to file their BOIR.
Noncompliance with the CTA can result in civil penalties of up to $500 per day and criminal penalties of $10,000 and/or 2 years in jail.
A company can learn on this site, without charge, whether it is a “reporting company” and subject to the filing requirements of the CTA. Simply answer the few questions below and the company’s “reporting company” status will appear.