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FinCEN Requires Batavia, IL Businesses to File BOI Reports by 01/01/2025: Avoid $500 Daily Penalties

The Corporate Transparency Act (CTA) requires businesses in Batavia, IL, to file Beneficial Ownership Information (BOI) reports with FinCEN by January 1, 2025, to improve transparency and deter financial misconduct. As of today, 11-26-2024, Batavia business owners have 36 calendar days (or 27 business days) left to submit their BOI reports to FinCEN—act promptly to avoid fines of $500 per day.    Action Steps for Compliance1. Confirm If Your Business Must File Deadline: ASAP"Reporting companies"