"Urgent: New FinCEN Filing Required For All Business Owners – Avoid Costly Penalties!"

New FinCEN Registration Requirement: Does Your Business Need to File Starting January 1, 2024, many U.S. businesses must register with the Financial Crimes Enforcement Network (FinCEN) under the Corporate Transparence Act (CTA). This requirement appiles to most LLCs, corporations and parternships in the U.S. and the deadline for filing is December 31, 2024.  Failure to register can result in fines of up to $500 per day, with continued non-compliance resulting in serious financial and even criminal penalties.  The registration requires buiness to report "beneficial owners" - anyone with a 25% or more ownership stake or significant control. This rule is intended to help law enforcement track and prevent money laundering and financial crimes by increasing transparency.  Businesses will need to keep this information up-top-date to avoid penalities.  Listed below is the FinCEN link, there are a few businesses that are exempt. Registration is fairly easy.    https://www.fincen.gov/

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