BOI Baileylawfirmaz

Beginning January 1, 2024, a new law under the Corporate Transparency Act (“CTA”) will require those who own an LLC and/or other corporation entities to report and disclose ownership information directly to the Financial Crimes Enforcement Network (“FINCEN”), an arm of the United States Department of Treasury. 

Unless an exemption applies, this newly enacted requirement will likely affect your business. Certain personally identifiable information (“PII”) will need to be assembled and required to be reported to FINCEN.  Penalties may apply for failure to disclose the required information to FINCEN. 

Bailey Law firm can help navigate your business through this new law and help keep you and your business in compliance. We will be sending out more information about the process and flat fee to hire us to help.

If you would like to set up an appointment with a business law attorney at Bailey Law Firm, please set up online or you may call or main number at (480) 681-5408 to set up an appointment.