 On January 1st, 2024, a new law went into effect, which will help protect local business owners while periodically checking for illegal activity. The Corporate Transparency Act requires all existing and new businesses to register with the Financial Crimes Enforcement Network. President and CEO of the Southeast Kentucky Chamber of Commerce, Jordan Gibson talks about how this affects local companies. So, yeah, this new law that came into effect in January, the Corporate Transparency Act was actually passed in 2021. So it took effect of January this year. So any business that was in existence prior to January this year has all of 2024 up until January 25 to actually file the proper reports. And so this really is a way for the federal government to crack down on financial crimes. So any illegal activities that a crime organization might be using a shell company to hide their activity with, this is really a way to identify who actually owns those businesses and who's actually benefiting from the profits they make. Appalachian Wireless just can't stop themselves. Give the iPhone 13 128 gig for a penny with a two-year contract on the Mix and Match or Unlimited Plan, new or renewed line. While supplies last, one penny for an iPhone 13. We are you. We are Appalachian Wireless. The Chamber will be working with local businesses to ensure they report their information accurately. Reports must include the owner's name, date of birth, address, and any non-expired licenses. We're going to be trying our best as a Chamber, as a local small business organization to help our small members to any way we can on learning about these new requirements. Walking them through, showing them where they can go find the information with that. One of the ways we're doing that is partnering with our media organizations. We're going to have a press release out on our website also. So if you need more information, feel free to give us a call. We can point you to the right government website to find the information you need to make sure that you're in compliance. And again, you have all year to do this. Any new business that starts up this year, they have 90 days to file, but if you were already in business before January 1st, you've got all year to file this. Reporting from Outant Top News, I'm Nick