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BLSW Explains the Corporate Transparency Act at The NMDOT Conference

In Legal Compliance by Kristy DonahueLeave a Comment

On February 28, 2024 NMDOT Star held their 2024 Conference. Attorney Larry Donahue hosted the “Wednesday Webinar” discussing The Corporate Transparency Act and You. Starting on January 1, 2024 a new law went into effect that requires a significant amount of the US Companies to report Beneficial Ownership Information to the US Government via FinCen. Failure to report their businesses …

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Find Out If Your Business Needs to Report to FinCen in 2024.

In Business Tips by Larry DonahueLeave a Comment

BLSW has the technology to give you a definite answer, for free, in minutes. The Corporate Transparency Act, or CTA, went into effect on January 1st, 2024.  It requires “beneficial owners” of “new” (formed on 1/1/2024 or after) “small businesses” (less than 500 employees and US-revenue under $5M) to report the personal information to the Financial Crimes Enforcement Division of …

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Free Webinar To Learn About the New Law That Will Effect Small Businesses in 2024.

In Business Tips by Kristy DonahueLeave a Comment

The Corporate Transparency Act goes into effect on January 1, 2024. The new law requires “beneficial owners” of businesses to report their information to FinCEN. Failure to do so in a timely manner is punishable by daily fines and possible jail time. Business Law Southwest Attorney Larry Donahue will be hosting this webinar in conjunction with Albuquerque SCORE. About the …

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Corporate Transparency Act: What is a Reporting Company Applicant?

In Business Tips by Gage AndersonLeave a Comment

In January of 2024 FinCEN will require businesses to report beneficial ownership, as outlined in the Corporate Transparency Act. The legislation includes the term ” Reporting Company Applicant.” But what is that exactly, and how does it fit into this new law? This article will explore what a Reporting Company Applicant is, and how it relates to the Corporate Transparency …

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Corporate Transparency Act: Possible Exemptions

In Business Tips by Gage AndersonLeave a Comment

The recent coming of the Corporate Transparency Act has brought a new issue to the forefront of the business and legal world. The act requires certain businesses to report the beneficial ownership of their companies to the Financial Crimes Enforcement Network (FinCEN). However, there are a few exemptions to reporting, and this blog post delves into what some those exemptions …

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The Corporate Transparency Act and New Mexico Citizens

In Business Tips by Gage AndersonLeave a Comment

Recent changes in federal legislation will result in a new status quo for New Mexico business owners. The Corporate Transparency Act goes into effect nationally on January 1st, 2024. This act will require businesses to report their beneficial owners. This post will explore when a report is necessary, what to include and and who to report to. Who is Considered …