The Corporate Transparency Act may require certain U.S. companies to disclose beneficial ownership information to FinCEN to combat financial crimes. While a Texas federal district court’s preliminary injunction puts this requirement on hold, many experts expect that to be overturned. In that event, failure to file could lead to fines of $500 per day, up to a maximum of $10,000, and possible criminal penalties. However, filing your Beneficial Ownership Information (BOI) report will help you avoid fines
Digital threats continue to grow more complex, pushing small businesses to make cybersecurity a top priority. Limited resources often leave them more vulnerable than larger organizations, emphasizing the need for strategies that balance efficiency with effectiveness. Strong cybersecurity relies on cultivating a culture of awareness and accountability across all levels of an organization. Recognizing the specific vulnerabilities these businesses face allows for more focused and impactful protection