As 2024 draws to a close, there is an important deadline looming for certain LLCs, corporations, limited partnerships and other entities to file a beneficial ownership report with the Financial Crimes Enforcement Network (“FINCEN”) by January 1, 2025. The Corporate Transparency Act is a new federal law requiring certain entities to report information about the entity itself and any beneficial owners via the FINCEN website.  Failure to do so can result in both civil and criminal penalties including fines and jail time. These reporting requirements apply to entities… Read More →