Wednesday, November 27, 2024
The CTA, BOI and FinCEN: What Does this Mean for Clarkston, MI
The Corporate Transparency Act (CTA) mandates most businesses in Clarkston, MI, to report Beneficial Ownership Information (BOI) to FinCEN, aiming to enhance transparency and deter financial crimes. As of today, 11-26-2024, Clarkston business owners have 36 calendar days (or 27 business days) remaining to file their BOI reports with FinCEN—take action now to avoid $500 daily penalties for non-compliance! Steps to Stay Compliant1. Confirm if Your Business Must File Deadline: ASAPMost LLCs,
