BUSINESS OWNERS! Is the CTA a Scam or Legit?

Is the Corporate Transparency Act a Scam or Legit?  With new regulations and compliance requirements popping up seemingly every year, it's no wonder many small business owners are asking whether the Corporate Transparency Act (CTA) is just another scam or if it's something they need to take seriously. If you’re one of those asking this question, let’s clear the air—the CTA is 100% legit, and your time to comply is running out. Deadline is by December 31, 2024.

What are the Penalties for Failing to Report?  Civil penalties: Up to $500 per day with a maximum of $10,000.  Criminal penalties: In more severe cases, willful violations of the CTA can result in criminal charges. If convicted, individuals may face fines up to $250,000, imprisonment for up to two years, or both.

When does Compliance Begin?  Reporting under the CTA began on January 1, 2024. 

Which Entities must File Beneficial Ownership Information? Any entity registered to conduct business or formed within a U.S. state or Native American Tribe must comply with the Corporate Transparency Act (CTA). This includes corporations, LLCs, LLPs, LLLPs, LPs, nonprofit corporations, business trusts, and any other entity established through a filing with the Secretary of State or a Native American Tribe.

Get started today!  Use Code EVNLAW100 at checkout to save $100. Remember, deadline to file to avoid penalties is December 31st. Don't wait. Let's get this done today.     http://evnlaw.snapboi.com