Beneficial Ownership Information (BOI) Reporting – What you need to know
In 2021, Congress enacted the bipartisan Corporate Transparency Act to curb illicit finance. This law requires many companies doing business in the United States to report information about who ultimately owns or controls them to the Financial Crimes Enforcement Network (FinCEN), which is part of the U.S. Treasury. Beginning on January 1, 2024, many companies […]