Non-compliance with the Corporate Transparency Act can lead to: ● A daily fine of $500 for false or fraudulent information in a BOI report (up to $10,000) ● A daily fine of $500 for for willfully failing to file or update a BOI report (up to $10,000) ●Criminal penalties of up to two years imprisonment Our portfolio company Athennian helps streamline beneficial ownership information to make reporting not only more streamlined and compliant but arguably less risky - and potentially costly. More below:
The consequences of non-compliance with the Corporate Transparency Act can be severe. Avoid fines, penalties, and operational disruptions. Learn how to streamline your BOI reporting with Athennian & FileForms. https://lnkd.in/dTfGTVfT #CTA #BOI #compliance