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New Filing Requirement for LLC, S-Corp and C-Corp Businesses

If your business, including Farm & Food Businesses, is an LLC, S-Corp, or C-Corp, you are now required to submit a Business Ownership Information (BOI) Report to the U.S. Treasury by December 31, 2024. This filing ensures transparency in business ownership, and missing the deadline could result in fines of $500+ per day starting January 1, 2025.

Make sure you have details ready for all individuals who own or control 25% or more of the business. Start your filing now to avoid penalties!

Click Here To Learn More & File

Return to Agriview December 2024