For that little LLC you have…
Goes into effect 1/1/24.
“Many business owners — mainly those who own small businesses — will need to start providing personal information about both the company and themselves to the Financial Crimes Enforcement Network.”
“For every day past the filing deadline, companies will be fined $500. If the violation continues, owners could face up to two years in prison and/or a fine of up to $10,000, according to the Financial Crimes Enforcement Network.”