The Corporate Transparency Act (CTA) mandates Bronx businesses to disclose Beneficial Ownership Information (BOI) to FinCEN, a federal initiative to combat financial crimes such as tax evasion and money laundering. As of today, 11-26-2024, Bronx business owners have 36 calendar days (or 27 business days) left to file their BOI reports with FinCEN—don't delay, as fines of $500 per day may apply for non-compliance. Action Plan for Bronx Businesses1. Confirm Your Filing Requirement Deadline:
In the world of business, where opportunities abound and competition is fierce, the key to long-term success often lies in the details. For LLC owners, one such crucial detail that can make or break your business’s standing is the timely and accurate filing of your annual report. This seemingly mundane task holds significant power, as it stands between your thriving enterprise and costly penalties or even dissolution. But fear not—this guide is your ally in demystifying the process and illuminating the