NEW FILING REQUIREMENTS UNDER THE CORPORATE TRANSPARENCY ACT

Do you own an LLC or a corporation? If so, did you know there is a new filing requirement with a January 1, 2025 deadline? It's called the Corporate Transparency Act (CTA). There are also tons of scams circulating surrounding this new requirement.

The good news is, as long as you have your company's EIN (tax ID) and each owner's driver's license handy, filing the report should only take about 10 to 15 minutes.

A few things to note:

Make sure you are only submitting documents and information on the official FinCen website: https://fincen.gov/boi

If you have questions about who needs to be reported as a beneficial owner, please contact your business attorney.

FinCen has published this FAQ: https://lnkd.in/ge7V4nGU

If you are interested in hiring Baylor Evnen Wolfe & Tannehill, LLP to assist you with CTA compliance, you are invited to contact Carly Bahramzad, JD to learn more. You can reach her by calling 402-434-3023.