What’s so important about January 1, 2025?
The answer is not New Years.
(open.substack.com)
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What is the penalty for noncompliance?
Companies that fail to comply with the law by “willfully” failing to report or update their beneficial ownership information or provide false BOI information can be subject to both civil and criminal penalties. Those include fines of $500 a day, up to a maximum of $10,000, and up to two years in prison.
Harvard Law School Forum on Corporate Governance. “Understanding the Corporate Transparency Act’s Company Reporting Obligations.”
The Harvard Law School Forum on Corporate Governance notes, “The CTA does not contain any provision for non-willful or negligence penalties.”
https://corpgov.law.harvard.edu/2023/11/03/understanding-the-corporate-transparency-acts-company-reporting-obligations/
Probably the same as taking away 1st, 2nd, 4th amendments rights or forcing an EUA medical product via a mandate. Or the same as planning and running a psyop to get bioweapons in to the arms of people.