HCCC Member Press Releases
Finding Clarity Regarding the CTA, BOI and FinCEN: Help for Businesses in McDonough, GA
The Corporate Transparency Act may require certain U.S. companies to disclose beneficial ownership information to FinCEN to combat financial crimes. While a Texas federal district court’s preliminary injunction puts this requirement on hold, many experts expect that to be overturned. In that event, failure to file could lead to fines of $500 per day, up to a maximum of $10,000, and possible criminal penalties. However, filing your Beneficial Ownership Information (BOI) report will help you avoid fines
Winning with Compliance How Businesses Rise Above the Rest
Starting a business requires careful attention to compliance, ensuring it operates within legal and ethical boundaries. Decisions around structure and data protection play critical roles in shaping its direction and resilience. Compliance extends beyond legal requirements, offering strategic benefits that improve credibility and efficiency. Embracing it as part of your core values reduces risks and sets a strong base for growth.Choose the Right Business Structure Choosing a business structure is a
