BOI Reporting: Corporate Transparency Act Update (Feb. 2025)
Yardi Breeze
FEBRUARY 26, 2025
The bottom line : Protect yourself from costly penalties by ensuring compliance with the Corporate Transparency Act and FinCENs BOI reporting requirements. For businesses formed before January 1, 2024, compliance will ensure you avoid fines. Non-compliance may lead to steep penalties, including fines and criminal liability.
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