News Releases
FinCEN's BOI Filing Deadline: 01/01/2025 - Chicago-Naperville-Joliet, IL Businesses Should File to Avoid Possible Penalties!
The Corporate Transparency Act (CTA) requires most businesses to submit Beneficial Ownership Information (BOI) to FinCEN to enhance financial transparency and deter illegal activities. As of today, November 27, 2024, business owners in the Chicago-Naperville-Joliet, Illinois area have 35 calendar days (or 25 business days) left to file their BOI report with FinCEN—act now to avoid $500 per day fines! What You Need to Do:1. Determine if Your Business Must File. Most LLCs, corporations, and similar
The Road to Expansion: Key Strategies for Small Business Growth
Planning for business expansion is a pivotal moment for any small company, requiring careful consideration of various factors that can influence long-term success. While growth offers the promise of new opportunities, it also introduces complexities that demand strategic foresight. From financial planning to operational scalability, small businesses must evaluate both internal readiness and market conditions to ensure their growth efforts are sustainable. Failing to address these crucial elements can turn
