The most important new rule you have never heard from FINCEN (Financial Crimes Enforcement Network) is the Corporate Transparency Act, regarding the reporting of beneficial ownership which impacts the small business owner! What is FINCEN and why does it want your company information? Come to hear our speaker and find out the answers to these and other burning questions! Come learn the answers to all your questions about this new reporting requirement. With possible civil and criminal penalties on the line, compliance is key.
The following information is covered:
- What is FINCEN and the Corporate Transparency Act?
- What is the Corporate Transparency Act supposed to do?
- Which business entities should definitely file and which ones are exempted?
- How to avoid the penalties of $591 per day by looking at who needs to file when.
- What happens if your company does not comply?
- By when do you need to comply?