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Check out my blog post today. It is important to share this with all business owners!

Corporate Transparency Act Guidance -The FinCEN updates, like prior updates, are presented in question and answer format and address a number of issues, including who and what is subject to the Beneficial Ownership Information reporting rules. https://bit.ly/4byVCAg

Have you heard about and have questions regarding the Corporate Transparency Act and Beneficial Ownership Information Reporting? Here is the latest guidance and regulations provided by FinCEN with the most accurate and up-to-date information. https://lnkd.in/gRV9V8sc v

FinCEN finalized the Beneficial Ownership Information Reporting Rule in September 2023 and this post explains its key provisions and how they impact small businesses https://buff.ly/3SOfyqT

Brief overview of the Corporate Transparency Act, and how do you prepare/submit a filing with FinCEN? Join us on March 6 for a complimentary webinar to help you navigate the process. Visit https://bit.ly/49ceyE9 for more information and to register.

These are FAQs from FinCEN related to new reporting obligations under the Corporate Transparency Act. These are current as of Oct. 3, 2024. Read the story here to learn more: https://okt.to/jlzGUW #RCW #RegulatoryCompliance #FinCEN #PrivateFunds #PrivateEquity

🚨 Why FinCEN Matters 🚨 The Financial Crimes Enforcement Network (FinCEN) fights financial crime by ensuring transparency 🛡️. Starting Jan. 1, 2024, many U.S. businesses must file Beneficial Ownership Information (BOI) 📝 under the Corporate Transparency Act. 💡 Why It’s Important: This rule helps prevent money laundering, tax evasion, and illegal shell companies, keeping the financial system secure 🔒. Transparency = Trust 💼 Let’s stay compliant and protect our economy! #CTA #FinCEN #Compliance

Navigating beneficial ownership information (BOI) reporting alone is risky. With the initial submission deadline only three months away, it's essential for small businesses to file promptly and correctly. Failure to submit, or missing information, can lead to costly legal penalties (and who has time for that?) Protect your business and trust FinCEN Ready to guide you along the way. 🔒 ✔ Ready to learn more? Contact us to get started. https://lnkd.in/eJHZ4j_N

Corporate Transparency Act Update: According to FinCEN's latest guidance, you may still need to file a BOIR for a recently dissolved entity. With Chevron being struck down by the Supreme Court, I wonder how many court challenges to FinCEN's interpretations of the CTA we are going to see?

On Monday, FinCEN released updated FAQs regarding the Corporate Transparency Act's Beneficial Ownership Information Reporting Rule, specifically pertaining to entities which are in existence on or after January 1, 2024, but are dissolved prior to their filing deadline. Attorney Charmaine Beth Nyman and Dan Desmond break down the update and explain what businesses need to know in our latest alert at the link: https://lnkd.in/dkxE9XbM