Business Tips
What you need to know about the new Corporate Transparency Act’s BOI requirement for your business
Intro A new law went into effect on January 1, 2024, requiring all businesses (except Sole Proprietorships) to file a document called the Beneficial Ownership Information Report with the Financial Crimes Enforcement Network (FinCEN). Reports need to be filed by January 1, 2025, or could be subject to up to $500/day fine for every day…
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