Here's What You Need to Know About the Corporate Transparency Act
We'll make sure your business in Freehold, NJ or Hicksville, NY complies with the new regulations
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:
- Who is required to file a report
- When the report must be filed
- What information must be reported
We'll do everything in our power to ensure your business complies
with the new rules and regulations set forth by the Corporate Transparency Act.