New Federal Mandate for Beneficial Ownership Information (BOI)
New Federal Mandate for Beneficial Ownership Information (BOI)
In 2021, the Corporate Transparency Act was passed by Congress, ushering in a new era of transparency in the United States. This law establishes a mandatory reporting requirement for beneficial ownership information, as part of the U.S. government’s ongoing efforts to combat illicit activities facilitated by shell companies and complex ownership structures.
Starting from January 1, 2024, most U.S. companies will be obligated to disclose details about their beneficial owners—namely, the individuals who hold ultimate ownership or control over the company. These companies must submit this information to the Financial Crimes Enforcement Network (FinCEN), a bureau within the U.S. Department of the Treasury.
You can order your Initial Report via our online store. BUY HERE
Use Coupon Code: PLC to save $40 simply for being a member of the Prior Lake Chamber of Commerce.
You place your order, we e-file and monitor your account for an entire year.
We have answers to all your questions related to this new mandatory requirement:
In 2021, the Corporate Transparency Act was passed by Congress, ushering in a new era of transparency in the United States. This law establishes a mandatory reporting requirement for beneficial ownership information, as part of the U.S. government’s ongoing efforts to combat illicit activities facilitated by shell companies and complex ownership structures.
Starting from January 1, 2024, most U.S. companies will be obligated to disclose details about their beneficial owners—namely, the individuals who hold ultimate ownership or control over the company. These companies must submit this information to the Financial Crimes Enforcement Network (FinCEN), a bureau within the U.S. Department of the Treasury.
You can order your Initial Report via our online store. BUY HERE
Use Coupon Code: PLC to save $40 simply for being a member of the Prior Lake Chamber of Commerce.
You place your order, we e-file and monitor your account for an entire year.
We have answers to all your questions related to this new mandatory requirement:
Who Must Report?
Who Is Exempt from Reporting?
How to Submit a Report?
When Should You Report?
Where to Find More Information?
www.fincen.gov/boi
https://www.fincen.gov/boi-faqs
This Member To Member Deal is promoted by Prior Lake Chamber of Commerce.
