What is it?
As part of the Corporate Transparency Act, certain entities are required to file a Beneficial Ownership Information Return. If your company was created before January 1, 2024, this filing is to be completed by January 1, 2025.
Failure to do so will result in a penalty of $500 per day.
Our firm will not be completing these filings. It is your responsibility to ensure they are filed for all your applicable entities. We are happy to clarify any questions you may have as you complete these filings.