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The Corporate Transparency Act (CTA) mandates that businesses across the United States, including Homer, Georgia, submit Beneficial Ownership Information (BOI) to FinCEN by January 1, 2025, to combat financial crimes and enhance transparency in business ownership. As of today, November 27, 2024, Homer business owners have 35 calendar days (or 25 business days) to file their BOI reports—delaying could result in steep fines of $500 per day! Essential Steps to File Your BOI Report1. Determine If You
Starting your entrepreneurial journey with an LLC brings excitement and the chance to grow something meaningful. Setting up a business bank account is a crucial decision that goes beyond basic financial management. It helps streamline operations, shields personal assets, and builds credibility in the business world. The right approach to handling your LLC’s finances can significantly impact the success of the venture. Taking this step paves the way for a range of benefits, contributing to long-term