News for Economic

The Corporate Transparency Act (CTA) requires businesses to report Beneficial Ownership Information (BOI) to FinCEN to enhance transparency and deter illicit financial activities. As of today, November 27, 2024, Magnolia, Texas, business owners have 35 calendar days (or 25 business days) left to file their BOI report with FinCEN—don’t wait, or you could face fines of $500 per day!    What You ...read more