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Beneficial Ownership Information Report

As of January 1st. 2024 the Department of Treasury's Financial Crimes Division requires every U.S. registered company to file a Beneficial Ownership Information Report.This is a one-time filing unless corporate ownership changes due to death, divorce, etc. This legislation is directed at increasing transparency in the Beneficial Ownership of U.S. registered companies in an effort to combat terrorism, money laundering, and organized crime.Companies established prior to January 1st. 2024 has through December 31st. 2024 to file their BOl Report. Companies established in 2024 have 90 Days from the day of formation to file their BOl Report.Severe penalties for non-compliance, willful failure to file, and filing inaccurate information include fines of $591 per day and penalties of $10,000 plus up to two years of jail time.We strongly recommend filing as soon as possible. The government estimates there are 40 million reports to be filed.Waiting until the deadline could result in late filing penalties.Water Street Advisors LLC is authorized and ready to help you file your BOl Report.DON'T WAIT UNTIL THE DEADLINE.

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Mark Murphy, CFO

Mark A. Murphy is a Certified Public Accountant, licensed in the State of Nevada since 1995.Mr. Murphy graduated from the University of Nevada, Las Vegas with a Bachelor’s Degree, in Accounting, and Business Administration in 1992.He is a member of the Nevada Society of CPAs as well as The American Institute of Certified Public Accountants. In his various positions during his career, he has performed audits, reviews, and compilations for companies in a wide range of industries. He was also responsible for the preparation of Corporate, Partnership, and individual income tax returns.Additionally, he has consulted on business appraisals, litigation support, and forensic accounting services and managed a staff of twenty employees

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