Announcements / November 30, 2024
LLC owners must file a Beneficial Ownership Information (BOI) Report with FinCEN by December 31, 2024, as mandated by the U.S. Government under the Corporate Transparency Act. Failure to comply may result in fines of $595 per day, up to $10,000. Filing is free and can be done directly via FinCEN.gov. This federal requirement enhances financial transparency and helps prevent tax evasion and fraud. Franchisees are urged to read the full announcement article for detailed instructions. For guidance, consult a CPA or legal professional to ensure compliance. Act promptly!
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