According to the Corporate Transparency Act, small businesses will be required to file a Beneficial Ownership Information (BOI) Report with the U.S. Department of Treasury's Financial Crime Enforcement Network (FinCEN). The new act goes into effect on January 1, 2024. Noncompliance with the new requirements can result in severe consequences, such as high fines or jail time.
If you're a small business owner in Freehold, NJ or Hicksville, NY, call the Law Offices of David A. Weinstein, P.C. Our local attorney can provide more information about:
There are over two million corporations formed in the U.S. every year. Many of these businesses have failed to disclose the identity of their beneficial owner, making it easier for them to: