All entities are required to comply with the new Beneficial Ownership Information (BOI) reporting under the Corporate Transparency Act, recently signed into law. This new requirement applies to all corporations and LLCs, as well as other similar entities. The filing is due by January 1, 2025, and aims to enhance transparency by requiring businesses to disclose ownership information to FinCEN. If you do not file it will attract significant penalties.
To assist with compliance, we are offering our services to prepare and submit the required filings. Please confirm with us by December 1, 2024 if you would like us to handle this reporting on your behalf. If you have questions or need clarification on how this reporting impacts your business, we are happy to assist.
We recommend addressing this promptly to avoid penalties for non-compliance or late filing. Thank you for trusting us with your business needs.