SixPapaCharlie
May the force be with you
- Joined
- Aug 8, 2013
- Messages
- 16,472
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Sixer
I assume a lot of you are LLCs given that you are all wealthy pilots.
A friend messaged me and said "Have you seen this?" Followed by some talk of a $500 / day fine if not filled out.
I don't read, understand, or speak legalese. I would assume if there were some action needed for LLCs under the threat of a $500 / day fine, it would be all over the place and not just someone on social media messing people.
More info here:
Am I the only one that didn't get the memo or is this not really a big deal?
A friend messaged me and said "Have you seen this?" Followed by some talk of a $500 / day fine if not filled out.
I don't read, understand, or speak legalese. I would assume if there were some action needed for LLCs under the threat of a $500 / day fine, it would be all over the place and not just someone on social media messing people.
More info here:
New Act Imposes Penalties on Family Partnerships, LLCs, and Corporations | Hoge Fenton Jones & Appel
Starting January 1, 2024, existing and newly formed limited partnerships, limited liability companies, and corporations will be required to report certain ownership and management information to the Federal Financial Crimes Enforcement Network (“FinCEN”). Adverse consequences for non-compliance...
www.hogefenton.com
Am I the only one that didn't get the memo or is this not really a big deal?