On Your Side: Business owners, did you get this letter? [Video]

SPRINGFIELD, Mo. (KY3) -Business owners beware. You might have recently got a letter in the mail demanding you comply with the Corporate Transparency Act.

You’re told you only have a few days to file, or you’ll be fined.

A salon owner in Lebanon, Mo. asked On Your Side to look into it. Shayna Lewis with Weeping Willow Salon and Boutique wants to make sure her her t’s are crossed and i‘s dotted.

“Oh, I’m terrified that I’m going to miss something or not take something seriously,” she said.

That’s why she sent On Your Side the letter. It says she must report beneficial ownership information to the Treasury Department’s Financial Crimes Enforcement Network. If she doesn’t — expect fines and two years behind bars. She grabbed her phone and scanned the QR code.

“In the amount of $299. Right away. Maybe that’s a red flag and I should stop before …