12/31/2024
To all of my business owner colleagues nationally, a heads-up! There was a recent law (the Corporate Transparency Act) that mandated that businesses needed to do a Beneficial Ownership Information Report by 1/1/25 or face a steep penalty of $500+ a day if not reported--there has been a court order issuing a stay on this requirement, but you may want to consider filing this document for each of your businesses (including LLC's), if the order is lifted. (And thanks, Joyce, for bringing this to my attention!) BUT BEWARE OF SCAMMERS! Go to the Financial Crimes Enforcement Network--no one should be charged to fill out this form, which takes about 20 minutes for each company. https://fincen.gov/boi
Source: The Financial Crimes Enforcement Network.
"In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains in force. The following guidance should be understood to address the requirements at such a time as the order may be lifted. However, reporting companies may continue to voluntarily submit beneficial ownership information reports. To learn more, visit https://fincen.gov/boi."
-sidebar-menu { display: none !important; } iframe { position: relative; margin: 10px auto; display: block; } /* New */ .ui-accordion .ui-accordion-header { display: block; cursor: pointer; position: relative; margin: 2px 0 0 0; padding: 0.5em 0.5em 0.5em 0.7em; font-size: 100%; } .ui-accordio...
