LacherLaw

I am pleased to share this public service reminder that, pursuant to the federal Corporate Transparency Act, nearly every corporation and LLC, including professional corporations and LLCs, are required by federal law to file Beneficial Ownership Information (BOI) Reports with the FinCEN office of the US Treasury Department BY DECEMBER 31, 2024. This is not an IRS regulation.

If you are an individual who owns at least 25 percent of a company or has substantial control over the company, your identity is required to be reported.

The willful failure to report complete or updated beneficial ownership information to FinCEN, or the willful provision of or attempt to provide false or fraudulent beneficial ownership information, may result in civil or criminal penalties, including civil penalties of up to $500 for each day that the violation continues, or criminal penalties including imprisonment for up to two years and/or a fine of up to $10,000. Senior officers of an entity that fails to file a required BOI report may be held accountable for that failure.

If you are a company owner and you do not know what I am talking about, you can confirm what I have written above here: www.fincen.gov/boi. And if you need assistance, you can contact my law office LacherLaw at 914-355-5900 or https://lacherlaw.com

Home - Lacher Law The attorneys and professional staff of LacherLaw have been providing clients in New Rochelle, Westchester County and throughout the New York metropolitan area with effective, cost-efficient legal representation for more than 30 years.

I am pleased to share this public service reminder that, pursuant to the federal Corporate Transparency Act, nearly every corporation and LLC, including professional corporations and LLCs, are required by federal law to file Beneficial Ownership Information (BOI) Reports with the FinCEN office of the US Treasury Department BY DECEMBER 31, 2024. This is not an IRS regulation. If you are an individual who owns at least 25 percent of a company or has substantial control over the company, your identity is required to be reported.

The willful failure to report complete or updated beneficial ownership information to FinCEN, or the willful provision of or attempt to provide false or fraudulent beneficial ownership information may result in civil or criminal penalties, including civil penalties of up to $500 for each day that the violation continues, or criminal penalties including imprisonment for up to two years and/or a fine of up to $10,000. Senior officers of an entity that fails to file a required BOI report may be held accountable for that failure.

If you are a company owner and you do not know what I am talking about, you can confirm what I have written above here: www.fincen.gov/boi.
And if you need assistance, you can contact my law office in downtown New Rochelle, LacherLaw at 914-355-5900 or HTTPS://lacherlaw.com

Home - Lacher Law The attorneys and professional staff of LacherLaw have been providing clients in New Rochelle, Westchester County and throughout the New York metropolitan area with effective, cost-efficient legal representation for more than 30 years.

For my NYC metro area professional colleagues and friends, please join the New Rochelle Bar Association for our annual spring dinner at which we are privileged to host the Judges of the New York Court of Appeals, present and retired. Registration for the event can be done here:
https://www.nrbar.org/event-5493944

I am privileged to share the news that, at the annual meeting of the New Rochelle Bar Association held on June 28, I was elected the next President of the Association. We will be using the summer months for transition and I (together with the other officers and new Directors) will assume the office officially at our installation dinner to be held in September.

In a situation such as this, we frequently hear in the acceptance speech that the celebrated person is "humbled" by the occasion. I, for one, would save being "humbled" for when one is taken down a notch (which surely has happened to me more than once in my lifetime). I rather consider this to be an elevating opportunity, and I am most appreciative of the confidence of my colleagues and friends who have elected me.