Beneficial Ownership Info Deadline Extended! A Trap, Or a Chance to Avoid the Dark Side?

A New Deadline There Is

Hmm a new deadline from the Treasury Department there is. March 21 they say for the 'beneficial ownership information.' Many businesses affected will be by this Corporate Transparency Act. 'Do or do not. There is no try,' but comply you must!

Shell Companies the Dark Side They Hide

To stop the criminals this measure is. Hiding their mischief through shell companies they are. Opaque ownership their weapon. Like a Sith Lord's deception it is. See through their lies we must. For the Force and honest finance it is!

Whiplash of Deadlines Suffered Businesses Have

On again off again the deadlines. Whiplash businesses suffer. Courts say one thing then another. Like a podrace chaotic it is. But focus you must. The Force is your ally but knowledge your weapon.

Millions Affected They Are

32.6 million businesses affected by this they are. Corporations LLCs and more. A great number it is! 'Size matters not,' but compliance it does. Ignorance an excuse it is not.

Pay the Price or Obey the Law You Must

Fail to report and pay you will. $591 a day the penalty. Criminal fines up to $10,000! Two years in prison hmm? 'Fear is the path to the dark side.' Fear these penalties and comply you will.

Further Delays? Patience You Must Have

FinCEN further delays they hint. 'Always in motion is the future.' But rely not on hope alone. Prepare you must. And if more time they grant use it wisely you shall. Enforcement for the most significant risks a priority it will be. National security they protect. With great power comes great responsibility hmm?