michiganmade on Nostr: This feels like mob rule. gotta file a $349 form each year now, for my single owner ...
This feels like mob rule. gotta file a $349 form each year now, for my single owner LLC.
What happens if I don't file corporate transparent act form
If you fail to file the Beneficial Ownership Information (BOI) Report required by the Corporate Transparency Act (CTA), you may face significant penalties, including:
Civil Penalties – A fine of $500 per day for non-compliance, up to a maximum of $10,000.
Criminal Penalties – Willful failure to file, filing false information, or unauthorized disclosure can result in up to two years in prison and additional fines.
It's like the Corleone family suggesting you cut them in, bc it'd be a shame if something bad happened to your shop.
What happens if I don't file corporate transparent act form
If you fail to file the Beneficial Ownership Information (BOI) Report required by the Corporate Transparency Act (CTA), you may face significant penalties, including:
Civil Penalties – A fine of $500 per day for non-compliance, up to a maximum of $10,000.
Criminal Penalties – Willful failure to file, filing false information, or unauthorized disclosure can result in up to two years in prison and additional fines.
It's like the Corleone family suggesting you cut them in, bc it'd be a shame if something bad happened to your shop.