Dear Business Owner or Representative, We would like to inform you of an important update regarding the Corporate Transparency Act (CTA), which requires all businesses to register their beneficial owners with the Financial Crimes Enforcement Network (FinCEN). This is a federal requirement aimed at combating money laundering and terrorism financing. What is BOI Reporting? Beneficial Ownership Information reporting is a new federal requirement designed to enhance transparency and...
Important Update for Business Owners: New Beneficial Ownership Reporting Requirement
Posted on Oct 2, 2024