Beneficial Ownership Information (BOI) reporting due soon for entities
POTOSI, MO – In 2020, Congress passed the Corporate Transparency Act (CTA) which requires non-exempt companies to report information about their companies and their beneficial owners to the Financial Crimes Enforcement Network (FinCEN) starting in 2024. In 2024, millions of small businesses, including LLCs, corporations and limited partnerships are required to file beneficial ownership information […]
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