The Corporate Transparency Act [CTA] went into effect on January 1, 2024. Are you in compliance? The CTA:Enacted in 2021 as part of the National Defense Authorization Act (NDAA). Most sweeping Small Business Act enacted in the past decade, and most small business owners haven't even heard about it—YET. Most corporations, limited liability companies (LLCs), and similar entities must report information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN), a U.S. Department of the Treasury bureau. The BOI Report is the MOST URGENT provision of the CTA. Question: "What's the big deal about this BOI Report?" ✅ Compliance is MANDATORY if your business falls under the size and revenue guidelines of the CTA.⚖️ $591/day CIVIL or $10,000 Max CRIMINAL PENALTIES and/or IMPRISONMENT up to 2 years for WILLFUL FAILURE to SUBMIT Your BOI Report‼️ Unlike some IRS reports, NO FILING EXTENSION is available for your BOI Report. It Is DUE December 31, 2024, or earlier for qualified small businesses😲 The short version of FinCEN's instructional PDF to complete the BOIR is 57 PAGES in total. YES, you read that right. Filing a form asking for the basics requires a 57-page PDF of detailed and complex instructions. We are here to help you navigate the filing and keep your BOI Report updated 24/7/365. We have revolutionized the compliance landscape for small business owners.We aim to help thousands of small business owners like you meet the 2024 filing deadline and comply with ALL future BOI Reporting requirements. Question: "Do I have to file a new BOIR annually?" ✅ You only need to file a BOI Report once. However, it must be updated whenever there is a new expiration date, for example, when you renew your state driver's license, if your business relocates, your home address changes, or if a new owner buys into the business. Any changes to your or your business's identifying information require an update to the BOIR.We've taken the time to thoroughly understand the Corporate Transparency Act so you can focus on running your business with peace of mind. Our innovative solutions keep you and your BOIR filing current and compliant. Small business compliance should not be a burden but a streamlined process that keeps you compliant, informed, and ahead of regulatory changes. Let us help you Today!⭐️NEXT STEP⭐️ Let's Connect! 📲385.625.1038 | 📨 mhowell@cta-express.com | Inbox Message me here on LinkedIn