BENEFICIAL OWNERSHIP INFORMATION REPORTING (BOIR) AND CENTRAL FLORIDA RENTAL PROPERTIES As of January 1, 2024, the Corporate Transparency Act (CTA) has introduced new federal reporting requirements for certain business entities, including many involved in the property management industry. Some investors prefer to transfer real estate ownership to their companies.  If you own an LLC, corporation, or other legal entity associated with your rental property, understanding these requirements is essential to avoid penalties. If you miss the BOIR filing deadline, you could face serious repercussions, including Source : Civil Penalties:  fines are up to $591 per day for late filing of the report Additionally, there are Criminal Penalties which can result in imprisonment of up to 2 years and fines…