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FinCEN's BOI Reporting Deadline: Arlington Heights, IL Businesses Must File by 01/01/2025 or Face Fines

The Corporate Transparency Act (CTA) mandates that many businesses disclose Beneficial Ownership Information (BOI) to FinCEN to enhance transparency and combat financial crimes. As of today, 11-26-2024, Arlington Heights, IL business owners have 36 calendar days (or 27 business days) left to file their BOI reports with FinCEN—don’t wait, as fines of up to $500 per day apply to late submissions.    Action Items for Arlington Heights Businesses1. Determine If Your Business Must File Deadline: ASAPMost