NEW BUSINESS REPORTING REQUIREMENT:BENEFICIAL OWNERSHIP INFORMATION
Dear Clients and Colleagues, The Corporate Transparency Act was enacted by Congress in 2021 and became effective January 1, 2024 for corporations and limited liability companies with some limited exceptions. We refer you to your business attorney and www.fincen.gov/boi for details, but here are the highlights as we understand them. First, the following warning excerpted from the […]