ATTENTION SMALL BUSINESS OWNERS! New law for 2024
Starting January 1st, 2024, the Corporate Transparency Act comes into effect, impacting over 30 million entities to combat illegal activities like money laundering and terrorist financing. If you've established an LLC for anonymity, be cautious—this Act affects corporations, LLCs, and similar entities in the U.S. To avoid penalties, including fines and jail time, consider winding down unnecessary LLCs by the end of 2023. For guidance and compliance with the Corporate Transparency Act, reach out to us. Stay informed, act now, and protect your business.