Why is the Financial Crimes Enforcement Network (FinCEN) department of the Treasury coming after your small business (LLC or S Corp)?
Carol Roth answers some of your questions in this important video.
Please note: This applies to you if you have a business entity that makes less than $5M per year and has fewer than 20 employees.
(No, we’re not joking.)
What small business owners do not need is more compliance, privacy, and fraud headaches.
This requirement is not only absurd, but the penalties for not complying are frightening, including fines and potential jail time. (!)
Carol urges you to reach out to your representatives immediately.
Photo by Tim Mossholder on Unsplash