The Corporate Transparency Act mandates U.S. companies to disclose their beneficial owners to combat financial crimes, requiring details like names and addresses to be filed with FinCEN. As of today, 12/04/2024, Thief River Falls, MN business owners have 27 calendar days(or 20 business days) left to file their Beneficial Ownership Information (BOI) report with FinCEN—don’t wait, or you could face fines of $500 per day! 1. Determine if Your Business Must File. Most LLCs, corporations, and small