As of January 1, 2024, the bipartisan Corporate Transparency Act requires many companies doing business in the United States to report information to the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) about the individuals who ultimately own or control them. The law was passed to curb illicit finance and protect U.S. national security. Filing is simple, secure, and free of charge.
Companies that are required to comply (“reporting companies”) must file their initial reports by the following deadlines:
Beneficial ownership information reporting is not an annual requirement. A report only needs to be submitted once, unless the filer needs to update or correct information.
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Click the video to watch the latest episode of Chamber Insider Update. In this message today, I will be sharing information on our upcoming events including this week's Elect Connect event, our newest Chamber members, and more!
NOTE: This interview with the President & CEO, Eric Spoonmore, was originally aired by Bloomington's Voice Glass in the Afternoon on Monday, October 7th, 2024.
NOTE: This news article featuring the President & CEO, Eric Spoonmore, was originally published by WRTV on Wednesday, October 8th, 2024. |
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