Wed, Dec 04
|Zoom
Understanding and Complying with New BOI Filing Requirements for Small Businesses
Understand the BOIR Filing requirements and how to complete the actual filings.
Time & Location
Dec 04, 2024, 1:30 PM – 2:30 PM
Zoom
Guests
About the event
Make sure you understand the Corporate Transparent Act (CTA) and the new Beneficial Owner Information Reporting (BOI) requirement, which went into affect on January 1, 2024. Businesses are now required to file a report with the Financial Crimes Enforcement Network (FinCEN), detailing business ownership and owner compensation. The CTA provides that willfully reporting or attempting to report false or fraudulent beneficial ownership, or willfully failing to report or make updates to the reported data shall be punished with a civil penalty of up to $500 for each day that the violation continues, or criminal penalties, including imprisonment for up to two years and/or a fine of up to $10,000.
Barb Parknavy
Project Coordinator, Ohio SBDC at Columbus State Community College
Barb Parknavy serves as Project Coordinator for SBDC, managing special projects such as the CARES Act Advising Program and the City of Columbus/Franklin County Small Business Recovery Grant. She…