Small business owners must report by end of the year to avoid penalties under federal law

Small business owners may not realize they are subject to a new reporting process mandated under the Corporate Transparency Act. Read More

Treasury Department may fine small businesses $10,000 or more if they don't file this new report

The Corporate Transparency Act requires many businesses to file data about their “beneficial owners” by Jan. 1. But the rule may be scrapped in court. Read More

Small business reporting rule with harsh penalties for non-compliance now called ‘voluntary’

Many small business owners – including one-person LLCs – were surprised to learn recently that a newly-passed law, the Corporate Transparency Act, required ... Read More

Why Small-Business Owners Are Cheering the Suspension of the Corporate Transparency Act

A Texas judge delivered a nationwide injunction against application of a law requiring small businesses to report their real beneficial owners by January 1. Read More

Business owners should not forget anti-money laundering rule currently in legal limbo

Small business owners should not forget about a rule that requires them to register with an agency called the Financial Crimes Enforcement Network, or FinCEN, by Jan. 1. Read More

Small business owners must report by end of the year to avoid penalties under federal law

Small business owners face severe penalties if they don't report to the federal government by year's end ... who fail to file by this deadline — or fail to update this information if needed ... Read More