beneficial ownership
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Yea, BOI.
Deadline to File Initial BOI Report for Entities Created Prior to January 1, 2024 Filing Deadline Approaching for Many Legal Entities If you own or control an entity, such as a limited liability company (“LLC”) or a corporation (but not limited to these), an informational report will need to be filed that, prior to January…
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New Federal Law Requires Disclosure of Beneficial Ownership Information of All Entities, Old and New
As of January 1, 2024, a significant change has impacted American businesses with the implementation of the federal Corporate Transparency Act (CTA). This law requires many businesses to disclose information about their beneficial owners, individuals who ultimately control or own 25% or more of the company’s interest. This is by the filing of a report…