Heads Up!!! January 1, 2024- New Law- The Beneficial Ownership Information Reporting Requirement

Starting January 1, 2024, many businesses in the United States are required to report information to FinCEN about the individuals who ultimately own or control them. In 2021, Congress passed the Corporate Transparency Act on a bipartisan basis. This law creates a new beneficial ownership information reporting requirement as part of the U.S. government’s efforts…

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