10/23/2024
Greetings to all of our business clients!👋
This special notification is for our clients that are owners of LLC & other businesses.
In 2021, Congress passed the Corporate Transparency Act. This law creates a new beneficial ownership information (BOI) reporting requirement as part of the U.S. government's efforts to make it harder for criminals and/or false owners to hide or benefit from their ill-gotten gains through shell companies or other opaque ownership structures and avoid taxation.
While the BOI reporting has been active since the beginning of this year, not everyone has been aware of it.
‼️This filing is absolutely mandatory!
✅The good news?
👉No fee for submitting your BOI reporting to FinCEN, and it is a one-time filing, unless something changes with your business, such as owners or address.
❎The bad news?
👉Your filing is due by the end of the year, or you risk penalties.
Our intention is to make you aware, and urge you to file this report ASAP! Even if you make a mistake, it can be resubmitted. Please follow this link to file https://boiefiling.fincen.gov/boir/html
Please see below for instructions on how to file, further information on following, and a few FAQ's.
Good luck, and please file by December 31, 2024! 😊
If you need further help, do not hesitate to reach out to the office!
