Wednesday, November 27, 2024
FinCEN's BOI Reporting Deadline: Memphis, TN Businesses Should File by 01/01/2025 to Avoid Possible Fines
The Corporate Transparency Act (CTA) mandates that many businesses disclose Beneficial Ownership Information (BOI) to FinCEN to enhance financial transparency and prevent fraud. As of today, 11-27-2024, Memphis, Tennessee, business owners have 35 calendar days (or 25 business days) left to file their BOI reports with FinCEN. Don’t delay—missing the deadline could lead to fines of up to $500 per day! Steps to File Your BOI Report1. Confirm if You Need to File. Most corporations and LLCs must file
