Dear Friends and Families of Newman,
We are reaching out to our friends and families who own small and medium sized businesses to alert you to new federal rules which very likely require your business to file Beneficial Ownership Information (BOI) by January 1, 2025. If this deadline is missed, or if your BOI report is filed with errors, the law provides for penalties of $591 per day and you can even potentially face a prison sentence of up to 2 years. It is vitally important that small and medium-sized businesses file these reports on time and without errors.
In a nutshell, to prevent asset hiding and money laundering, Congress passed the Corporate Transparency Act, which requires almost every business (LLC, corporation, limited partnership, etc.) with less than 20 full-time employees to file a BOI report which sets out not only the owners of the business, but also identification of persons within the business who have certain decision-making authority. Many businesses are just learning about this new requirement for the first time. Please look this law up and you will see that it is, indeed, real, and these penalties are also real. Due to the high stakes, it behooves businesses to get attorney guidance as they file these reports.
Newman International Academy has struck a deal with our attorney, Tommy Fuller, to provide a $100 discount off his firm’s charge for assisting in filing these BOI Reports for friends and families of Newman. His firm, the Fuller Law Group, is already charging less than one day’s penalty for filing these reports, and with this discount, you and your business can have peace of mind knowing that you have complied with this law and filed an error-free report. Tommy Fuller is a long-time friend and benefactor of Newman, and we believe he is an important resource for our business owning friends and families. He is the only attorney in Texas board certified in both commercial (business) law and administrative law. Because this is a business administrative filing, we thought introducing you to him and his firm and getting you a discount would be of great benefit to you.
To file the BOI report for your business through the Fuller Law Group with the Newman discount, go to www.avoidCTApenalties.comand enter code NEWMAN (in all caps) and you will receive $100 off. His website automates the process by asking the right questions of you to obtain the right information to provide an error-free report. And he reviews each report before filing it to ensure that it is accurate. Your business can avoid these harsh new penalties by staying compliant with peace of mind through using the Fuller Law Group’s assistance in your filing.
Sincerely,
Newman Academy Administration