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  • Writer's pictureSion Jajate

Ask yourself, for a moment, how many LLCs & Corporations do you own?

How many have gone dormant? If this speaks to you, please read further.


Key highlights:


Beneficial Ownership Requirement Overview:

As the regulatory landscape evolves, we recognize the importance of staying informed. At SJ Accounting Services, we specialize in guiding our clients through the intricate world of regulatory compliance.


Reporting Obligations:

Entities must submit accurate and up-to-date information about their beneficial owners to FINCEN by January 1, 2025 to avoid penalties. This includes crucial details such as names, addresses, and social security numbers.


Risk Assessments and Recordkeeping:

Conducting regular risk assessments and maintaining comprehensive records are essential for ongoing compliance. Our team ensures that your business is well-prepared for regulatory examinations.


Ongoing Monitoring: 

Timely updates to ownership structures are critical. We provide assistance in promptly reporting changes to guarantee continuous compliance.


 

How SJA Can Help:


Navigating the complexities of Beneficial Ownership Requirements can be daunting. SJA is here to assist companies with the filing process. We'd offer consultation time to address any questions and determine the filing necessity. In certain cases, we may engage a third party for complex filings.



Contact Us: 

For queries or to discuss how SJA can support your business in meeting Beneficial Ownership Requirements, please reach out to Sion Jajate, CPA, at (917) 567-1438.

 

At SJA, we are dedicated to helping our clients achieve compliance excellence. 

 

Thank you for choosing us as your trusted CPA.

 

Best Regards,

 

Sion Jajate, CPA

SJ Accounting Services





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