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Navigating New Regulations – Beneficial Ownership Information (BOI): ALL SMALL BUSINESS OWNERS NEED TO READ THIS

In the ever-evolving landscape of business regulations, small businesses in Southern Nevada — as well as businesses all over the country — face a crucial change starting January 1, 2024. Beneficial Ownership Information (BOI) filings with the Federal Financial Crimes Enforcement Network (FinCEN) will now be mandatory for all small businesses, including single-member limited liability companies and single-shareholder corporations. Aviva Gordon, an experienced business attorney with offices in Henderson and Las Vegas, is here to guide businesses through these changes.

Understanding the New Requirement

Starting from January 1, 2024, both existing and newly formed businesses must adhere to the new BOI filing regulations. Existing businesses must file before January 1, 2025, while businesses formed between January 1, 2024, and January 1, 2025, have a 90-day window post-formation. For companies established after January 1, 2025, the filing deadline is 30 days from the formation date.

It’s important to note that this requirement applies to all businesses with fewer than 20 employees, including non-profit corporations without 501(c)(3) status. Failure to file or providing incorrect information may lead to severe consequences, including daily civil penalties of $500 and potential criminal penalties, including imprisonment for up to two years and a fine of $10,000.

Gordon Law: Your Trusted Legal Partner

In the face of these regulatory changes, having a knowledgeable legal partner is crucial for businesses. Aviva Gordon, a business lawyer with over 30 years of experience has worked with clients on business formation, litigation, strategic planning,  and estate planning. Aviva is well-equipped to guide businesses through the intricacies of compliance with the new BOI filing requirements.

Business Formation Expertise

As a leading business formation attorney in Las Vegas, Aviva Gordon understands the unique challenges entrepreneurs face. Whether you’re starting a new venture or need assistance with an existing business, Aviva provides comprehensive legal support to ensure your business is on solid legal ground.

Litigation Support Near You

In times of legal disputes, having a litigation attorney near you is invaluable. Aviva Gordon’s practice extends to litigation, offering businesses in Southern Nevada a reliable partner to navigate legal challenges effectively. Her dedication to client success and extensive litigation experience make her the go-to choice for businesses seeking legal representation.

Estate Planning for a Secure Future

Beyond business matters, Aviva Gordon is a trusted estate planning lawyer in Las Vegas. Ensuring your assets are protected and your wishes are honored requires careful legal consideration. Aviva works closely with clients to create tailored estate plans that provide peace of mind for the future.

Stay Informed, Stay Compliant

Though the forms for BOI filings are not yet available, businesses should proactively prepare for compliance. Aviva Gordon is committed to keeping her clients informed about the latest developments and assisting them in meeting regulatory obligations efficiently.

In a rapidly changing legal landscape, having Aviva Gordon as your legal partner ensures that you stay ahead of the curve.
By choosing Aviva Gordon, businesses not only gain a legal advocate but a partner dedicated to their success in every aspect of business and personal legal matters.

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