Friday, December 06, 2024
The CTA, BOI and FinCEN: What Does this Mean for Cambridge/Isanti, MN Businesses?
The Corporate Transparency Act may require certain U.S. companies to disclose beneficial ownership information to FinCEN to combat financial crimes. As of today, 12/05/2024, Cambridge/Isanti, MN business owners have 26 calendar days(or 19 business days) left to file their Beneficial Ownership Information (BOI) report with FinCEN. 1. Determine if Your Business Must File. A “reporting company” is any small business, corporation, or LLC that is registered with the state, unless exempt. Exemptions apply
