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FinCEN's BOI Filing Deadline: 01/01/2025 - Fergus Falls, MN Businesses Must File Now to Avoid Fines!
The Corporate Transparency Act (CTA) requires businesses to report Beneficial Ownership Information (BOI) to FinCEN to enhance financial transparency and deter illicit activities. As of today, November 27, 2024, Fergus Falls, Minnesota, business owners have 35 calendar days (or 25 business days) left to file their BOI report with FinCEN—act quickly to avoid $500 per day fines! What You Need to Do:1. Determine if Your Business Must File. Most LLCs, corporations, and small businesses qualify as
Pave the Way for Sustainable Growth: Essential Steps for Small Business Expansion
Growing a small business often signals a promising future, but expansion brings challenges that require thoughtful planning. The decision to scale involves more than just increasing output; it touches every aspect of the business. As growth opportunities emerge, business owners must evaluate their readiness to navigate new complexities while ensuring their core values remain intact. Planning for expansion is about laying the groundwork for sustained success rather than short-term gains.Assess Financial