Attorney Larry Donahue explains why the process in correct reporting is not as easy as some might think. Earlier this month, Larry Donahue presented a seminar at the request of the New Mexico State Bar Foundation in order to help educate small businesses on the new Beneficial Ownership Reporting that, as of January 1, 2024, is the law of the …
Find Out If Your Business Needs to Report to FinCen in 2024.
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 …
