Re: Are you guys aware of this ticking time bomb?

On Sat, 19 Oct 2024 22:54:53 -0000 (UTC), Sergey Kubushyn wrote:

https://fincen.gov/boi
 
That is what our democRATic friends prepared for us...
 
I learned about it totally by accident. Would've become a criminal if I
didn't like about 90% of all LLCs and small businesses who did NOT
submit their reports as of right now. The deadline is January 1st 2025
and then all those who didn't submit their reports are subject to $591
fine PER DAY and even possible jail time.

According to the reporting form you have to sign, you'd only "become a
criminal" if you "willfully" failed to comply. So if you were merely
oblivious to this regulation, you'd be okay. In theory at any rate.

The language is EXTREMELY vague, everybody can report on everybody, one
doesn't even have to have any stock or ownership, just "have influence"
to be a subject of reporting.
 
The cherry on the cake is that most people are not even aware they have
to submit such reports...

See above.