FinCEN Requires Austin, TX Businesses to File BOI Reports by 01/01/2025—Avoid $500 Daily Penalties
The Corporate Transparency Act (CTA) mandates specific businesses in Austin, TX to disclose Beneficial Ownership Information (BOI) to FinCEN, aiming to combat financial crimes like tax evasion and money laundering. As of today, 11-26-2024, Austin business owners have 36 calendar days (or 27 business days) left to file their BOI reports with FinCEN—don’t delay, as penalties of $500 per day may apply! Steps to Ensure Compliance1. Determine If Your Business Must File Deadline: ASAPBusinesses like
A Guide to the More Tedious Aspects of Starting a Business in Austin
Having your own business is an amazing feeling. You get to call the shots and be in control of your own destiny. But before you can start reaping the rewards, there are some boring, but important, aspects of starting a business that you need to take care of first. From finding funding to applying for licenses and permits, there's a lot of paperwork and red tape involved in getting your business off the ground. But don't worry — the Greater Austin Hispanic Chamber of Commerce is here to help guide you
