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FinCEN's BOI Reporting Deadline: Chicago-Naperville-Joliet Businesses Must Act by 01/01/2025
The Corporate Transparency Act (CTA) mandates businesses in the Chicago-Naperville-Joliet area to report Beneficial Ownership Information (BOI) to FinCEN to combat financial crimes such as money laundering and tax evasion. As of today, 11-26-2024, Chicago-Naperville-Joliet business owners have 36 calendar days (or 27 business days) left to file their BOI reports with FinCEN—avoid the risk of $500 daily fines by acting now! Steps for Businesses in Chicago-Naperville-Joliet1. Determine if You Need
How You Can Use Business Credit for Unstoppable Growth
In entrepreneurship, financial mastery plays a critical role in driving a business forward. Navigating the complexities of business credit helps open doors to better financing options and strengthens long-term growth prospects. Developing a solid credit foundation requires strategic decisions that separate personal and business finances while building credibility. Thoughtful financial management can enhance access to capital, offering more flexibility to pursue new opportunities. Every step taken to