Description

Received. A form 5102 in the mail that looks like an official form requesting $119. The forms title is mandatory beneficial ownership reporting with my reporting entity, business name and address. The form also says pursuant to the United States corporate transparency act enacted by Congress, us businesses are required to report their beneficial ownership information. A reporting company is any corporation limited liability company or any other entities created by filing of a document with the Secretary of state or similar office in the United States. A beneficial owner is an individual who either directly or indirectly or exercises substantial control over the reporting company or owns or controls at least 25% of the reporting companies. Ownership interest except entities, inactive entities, dissolved entities, non-profits, penalties for non-compliance companies who willfully provide false information or neglect to report by filing deadline can face a civil penalty of up to $500 for each day that the violation continues or has not been remedied. In addition, they can be fined up to $10,000 or face up to 2 years imprisonment. Then there is the form to fill out that includes all of the business information including the EIN number, a signature, a date, and then the filing fee. A request checks or money orders be made payable to annual records service.