An important deadline small businesses in Texas need to know before 2024 ends to avoid fines

Posted under: SMB
Date: 2024-12-27
Texas SMBs Face Key 2024 Compliance Deadline | Justo Global

Small-business owners must comply with the Corporate Transparency Act by Jan. 13, 2024, or face penalties of $591 per day, imprisonment up to two years, and fines of $10,000. The act combats financial crimes by requiring ownership reporting. Initially delayed by a legal injunction, the deadline was reinstated by the 5th Circuit Court to safeguard national security and financial integrity.

Read more at: www.statesman.com