Beneficial Ownership Information Reporting - Will They Enforce The Fines??

[Masyn Grant Barney]

Beneficial Ownership Information Reports

Are they actually going to fine people $591/day for being late? Or all together forgetting?

I just did one for an entity I created this year.

It has been 89 days since formation.

I was 2 days away from being late, and potentially opening myself and business partner up to fines of $591/day.

It just seems like there will be many that fail to file their report and I just can't see the government really going after tiny businesses for so much money for something that is so easy to forget to do.

Thoughts?