New Beneficial Ownership Information (BOI) Reporting Requirements

UNITED STATES–Congress enacted the Corporate Transparency Act to stop illegal finance activity in 2021. This law requires qualified companies doing business in the here to report information as to ownership and controlling interest in the company to the Financial Crimes Enforcement Network (FinCEN), a subsidiary of the U.S. Treasury. FinCEN began accepting reports on January 1, 2024 and all compan...