Understanding Your Filing Requirements and NFIB’s Efforts Against FinCEN Overreach

Did you know that a recent federal rule mandates over 32 million small businesses to report the personal information of their owners to a new government database? This significant requirement highlights the increasing regulations that small businesses must navigate, and it raises urgent questions about privacy and compliance. If your business was established before 2025, the clock is ticking — your deadline to submit this critical information is January 1, 2025. Therefore, it’s essential to prepare now to avoid any potential penalties or complications.

To help you understand these new regulations, State Director Chad Heinrich will be hosting a crucial virtual event alongside Elizabeth Milito, Executive Director of NFIB’s Small Business legal Center, and Josh McLeod, Director of Federal Government Relations. This informative session will delve deep into the new Beneficial Ownership Information reporting requirements, which could drastically affect how you manage your business’s data. They will also discuss NFIB’s advocacy for the Repealing Big Brother Overreach Act, a pivotal piece of legislation aimed at revoking the Corporate Transparency Act that affects an overwhelming number of small businesses across the country.

This is a free, virtual event designed specifically for small business owners like you, but advanced registration is a must to secure your spot. Don’t miss out — CLICK HERE to register.

WEBINAR DETAILS

Date: Wednesday, November 20, 2024

Time: 10:00 AM Arizona Time

* A join link will be sent to your email prior to the event. Please make sure to check your spam folder if you don’t see it!

Can’t make it to the live virtual event? Don’t worry about missing out! You can still gain valuable insights relevant to your business. Simply register now, and we’ll ensure that you receive an on-demand version of the webinar directly in your inbox!

If you have any questions or need further assistance, please feel free to reach out to Senior Grassroots Program Manager, Stacy Jenkins.

Furthermore, navigating these new requirements can be challenging, particularly when it comes to understanding complex legal language and implications. That’s where tools like the AI legalese decoder can come in handy. This innovative platform simplifies legal terminology and provides clear explanations of the requirements, helping you make informed decisions about your business obligations. By utilizing AI legalese decoder, you can ensure that you meet compliance requirements while also protecting your business interests effectively.