Corporate Transparency Act
As part of new federal regulations, all business owners are required to submit a Business Owners Information Report (BOIR). This report collects important information about your business, such as its ownership structure and contact details, to help increase transparency and ensure your business remains in good standing with federal requirements.
By December 31, 2024, businesses will need to report information about the individuals who own or control them. Any newly formed businesses must do the same within 90 days of being registered with the state.
Businesses will be fined for not registering the appropriate information. Completing the form is free. You do not need to pay to process this one-time filing for your business.
Be advised that businesses may be subject to civil penalties of $500+ for each day that they have not completed the filing requirement.
Your Deadline: 12/31/2024
The great news? We can make the submission process quick and easy! Please call us at your earliest convenience to get started and avoid any potential penalties.
We’re here to support you every step of the way! We hope everything goes well with your business!
We look forward to helping you soon. Contact us!
Thanks,
Globaldesk Bookkeeping & Taxes team