Heard of the newly in effect Corporate Transparency Act? If you are an LLC, PLLC, Corporation, or Limited Partnership, You Need To Understand The Mandatory Reporting Requirement for 2024.”
IF you are a small business owner, you need to understand how the Corporate Transparency Act applies to you. If you have an LLC, PLLC , Corporation, Limited Partnership, or other entity created under the Secretary of State or Corporation Commission, you need to understand if your entity is considered a “reporting company” that must file a report this year to avoid penalties of up to $500/day if you fail to file in 2024. You need to identify who qualifies as beneficial owners of your entity which may involve several factors. Then you need to understand how to prepare and file the Beneficial Ownership Information Report. Chris Soto, Esq. and Lisa Keylon, Esq. will provide an overview and understanding of what you need to know to get started.
