For LLCs, compliance with the new FinCEN requirements for BOI under the Corporate Transparency Act is essential as it helps enhance accountability in business operations. Additionally, adherence to these regulations demonstrates a commitment to ethical business practices and regulatory compliance, which is crucial for maintaining trust with customers, investors, and regulatory authorities.
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Attention: Effective January 1, 2024, most corporations and limited liability companies (LLCs), regardless of when formed, are required to file "beneficial ownership information" with the Financial Crimes Enforcement Network (FinCEN) by January 1, 2025, or face civil and criminal penalties. Our firm cannot prepare these filings on our clients' behalf. Please see https://fincen.gov/boi for more information and to file.
Munson Law Firm
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