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  • 2024
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  • 26

Day: December 26, 2024

Alibaba Partners with eBay’s Former Marketplace in S. Korea

December 26, 2024December 26, 2024 Ina Steiner
Alibaba

Weeks after Alibaba consolidated all of its domestic- and international-ecommerce business units to defend against the likes of Temu, it is partnering with Shinsegae Group in Korea, which owns E-Mart’s ecommerce platform Gmarket, formerly owned by eBay. The two companies Read more

Marketplaces, NewsAlibaba, Aliexpress, E-Mart, eBay, Gmarket, Shinsegae Group, South Korea

Online Sellers Must Report Beneficial Ownership ASAP or Face Fines

December 26, 2024December 27, 2024 Ina Steiner
On a green and white background, a large gray megaphone appears on the right side of the image. To the left, white text in capital letters on a blue background read: “DO YOU OWN A SMALL BUSINESS?” followed by, “If your company was created or registered in the U.S. in 2024 and is not exempt from beneficial ownership information reporting requirements, your filing deadline may be approaching.” The BOI logo, with the “O” stylized as a green globe icon, is positioned in the top left corner. Below the main text is a blue globe icon and the URL: www.fincen.gov/boi.

Businesses, including many online sellers, must register with the US Treasury’s Financial Crimes Enforcement Network (FinCEN) soon or face significant fines due to the bipartisan Corporate Transparency Act (CTA) passed at the end of the last administration. (See update below.) Read more

News, Tax and Legal IssuesBOI reporting, Corporate Transparency Act, FinCen3 Comments


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