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IN BUSINESS TIPS BY KRISTY DONAHUEDECEMBER 20, 2023LEAVE A COMMENT The Corporate Transparency Act goes into effect on January 1, 2024. The new law requires “beneficial owners” of businesses to report their information to FinCEN.
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Additionally, the Lugano also ensures recognition of judgments across the member states, which in turn significantly reduces legal costs for individuals and smallbusiness seeking legal redress outside their home countries. As the UK officially left the EU in January 2020, its membership in the Lugano ended in December of last year.
NM SmallBusinesses and The Corporate Transparency Act. FREE Workshop November 20, 2024 Failure to properly report beneficial ownership information (BIOR) by January 1, 2025 can result in fines ($500/day).
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