12/24/2024
🚨 Attention Business Owners❗️The BOI Reporting Deadline Is Back and Approaching‼️
Have you heard about Beneficial Ownership Information (BOI) Reporting❓
Under the Corporate Transparency Act, businesses like corporations and LLCs must report key details about their ownership to FinCEN to combat fraud and promote transparency.
📋 Who Needs to File?
• Corporations, LLCs, and other entities created or registered in the U.S..
• Exemptions apply to certain larger entities, but most small businesses are required to comply.
🗓️ Deadline:
For businesses created before January 1, 2024, the initial BOI report is due by January 13, 2025.
For businesses created or registered on or after September 4, 2024 and had a filing deadline between
December 3 - 23, 2024 the initial BOI report is due by January 13, 2025.
💡 Why This Matters:
Failing to file could lead to fines of $591 per day or even criminal penalties of $10,000 and two years in prison‼️
Start preparing today to avoid penalties! Need guidance? We’re here to help you navigate BOI reporting requirements and keep your business compliant.
📞 DM us for personalized advice or to learn more about how this affects your business!