FinCEN’s BOI Reporting Deadline for Auburn Hills, MI Businesses: File by 01/01/2025 or Face Fines
The Corporate Transparency Act (CTA) mandates certain businesses to report Beneficial Ownership Information (BOI) to FinCEN to enhance financial transparency and prevent illegal activities such as money laundering and tax evasion. As of today, 11-26-2024, Auburn Hills business owners have 36 calendar days (or 27 business days) remaining to file their BOI reports with FinCEN—act quickly to avoid fines of $500 per day! Action Items to Ensure Compliance1. Confirm If Your Business Must File Deadline:
Revamp Your Business: Transform Sole Proprietorship to LLC
In the realm of entrepreneurship, taking bold and strategic steps can be the key to elevating your business from mere survival to thriving success. Picture this: transforming your sole proprietorship into a Limited Liability Company (LLC). This isn’t just an administrative change; it’s a powerful metamorphosis that could redefine your business’s trajectory, offering a shield for your personal assets and opening up a world of financial advantages and enhanced credibility. Dive into this guide and discover
