Hey all. I received a letter in the mail. Not sure how to take it. Is it a scam? Something I can do for free but a business is trying to do it for me for a fee? Have you all received this and what action do I need to take. I’m located in FL. Thanks all.
It is free to file this mandatory federal form. The company that sent you the letter is trying to fool people into thinking they need a professional or other entity to do it for them (for a fee). It will take about 15 minutes or so for you to do it on your own.
Here is the link to the federal website where you fill out the form.
6 Likes
Welcome Thomas! I used Zen Business to open my LLC and just received an email from them to do the same. I researched it myself and did it for free. They’re trying to get your business for something that you can do yourself. You do need to file using JJ’s or Ryan’s link.
6 Likes
I posted this on the other thread on this topic.
Updated March 11, 2024
On March 1, 2024, in the case of National Small Business United v. Yellen, No. 5:22-cv-01448 (N.D. Ala.), a federal district court in the Northern District of Alabama, Northeastern Division, entered a final declaratory judgment, concluding that the Corporate Transparency Act exceeds the Constitution’s limits on Congress’s power and enjoining the Department of the Treasury and FinCEN from enforcing the Corporate Transparency Act against the plaintiffs. The Justice Department, on behalf of the Department of the Treasury, filed a Notice of Appeal on March 11, 2024. While this litigation is ongoing, FinCEN will continue to implement the Corporate Transparency Act as required by Congress, while complying with the court’s order. Other than the particular individuals and entities subject to the court’s injunction, as specified below, reporting companies are still required to comply with the law and file beneficial ownership reports as provided in FinCEN’s regulations.
FinCEN is complying with the court’s order and will continue to comply with the court’s order for as long as it remains in effect. As a result, the government is not currently enforcing the Corporate Transparency Act against the plaintiffs in that action: Isaac Winkles, reporting companies for which Isaac Winkles is the beneficial owner or applicant, the National Small Business Association, and members of the National Small Business Association (as of March 1, 2024). Those individuals and entities are not required to report beneficial ownership information to FinCEN at this time.
Update [March 11, 2024]: This notice was updated on March 11, 2024, to reflect that a Notice of Appeal has been filed regarding this case.
2 Likes
Mandatory filing.
An attempt by the government to reduce money laundering.
You have until 12/31/24 to file.
1 Like
UNLESS you’re a Biden; then it’s OK!
2 Likes
Thank you to all who were helpful.
First Ive heard of this but I did go to the website and there was an alert notice for this very issue.
1 Like