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11.05.2024Corporate Transparency Act Report for LLC Owners – Less Than One Month Until the Deadline!As a reminder, the Corporate Transparency Act (CTA) went into effect on January 1, 2024 and requires that all LLCs submit annual beneficial ownership reports to the Financial Crimes Enforcement Network (FinCEN). If your LLC was created or registered prior to January 1, 2024, you have until January 1, 2025, to file your BOI report.
12.13.2023Important Reporting Update for all LLC Owners – Corporate Transparency Act Goes into Effect January 1, 2024One of the main reasons that clients choose to form a limited liability company (LLC) is to protect themselves and their assets from the debts and liabilities that come with owning a business. Forming an LLC means that only the LLC can be held accountable for the debts and liabilities incurred by the business, thereby shielding the owners and managers from personal liability.
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