11/18/2024
Did you know that your company (corporation, LLC, etc) may be required to file a Beneficial Ownership Report (BOI) with the Financial Crimes Enforcement Network (FinCEN)? This is a NEW filing requirement within the Corporate Transparency Act (CTA). The CTA was enacted in 2021 to combat financial crimes like money laundering, terrorism financing and tax fraud.
https://boiefiling.fincen.gov/
Most reporting companies under this requirement will need to file by December 31, 2024. This probably includes even the smallest of LLC's that do not have any business activity. Failing to timely file this report can result in penalties to you of over $500 for each day past due. Please contact us directly for assistance with filing this report. We're eager to assist you. Email us today!
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