LLC Owner Disclosure Draws Near.

You might have seen this in prior newsletter issues, but the deadline for the new federal law requiring LLC to disclose “beneficial owners” draws near. This is one extra filiing requirement that should make freelancers/solopreneurs take pause and think about whether they REALLY need an LLC for their business. 

Here are the filing dates you need to be aware of:

  • If the LLC was created before 1/1/24, you can file your initial report between 1/1/24 and 1/1/25. 

  • If you create your LLC on or after 1/1/24, you need to file your initial report within 30 days of receiving notice of it’s creation

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IRS to Release Direct-File

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Retirement Planning for Taxes