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So far ShoutCloud Studios has created 22 blog entries.

Corporate Transparency Act Reminder

As you may have seen in the newsletters we sent regarding the Corporate Transparency Act (you can click the following links for a refresher: 1, 2, 3), there is a relatively new federal law that requires business owners to submit a Business Ownership Interest (“BOI”) Report to the U.S. Treasury Financial Crimes Enforcement Network. The [...]

ShoutCloud Studios2024-08-12T12:16:42-05:00August 12th, 2024|Newsletters|

Corporate Transparency Act, Part 3: “The Ugly”: Failure to Report Could Cost $500/Day
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Corporate Transparency Act, Part 3: “The Ugly”: Failure to Report Could Cost $500/Day

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Corporate Transparency Act, Part 3: “The Ugly”: Failure to Report Could Cost $500/Day

Congress passed the Corporate Transparency Act on January 1, 2021. As mentioned in Part 1: “The Good” and Part 2: “The Bad”, it can be unclear whether you have a duty to provide a Beneficial Ownership Information report, and what (or who) all needs to be included in it. Unfortunately, this is not something any [...]