November 15, 2024
Welcome to our Weekly Digest!
This week bit is an important notice regarding the BOI (Beneficial Ownership Information) Report.
Most businesses will need to file a BOI Report. The report is due before January 1, 2025.
"The report provides the Financial Crimes Enforcement Network (FinCEN) with information about registered business entities, their beneficial owners, and their company applicants." (CorpNet)
If you would like to learn more about the Beneficial Ownership Information Report, please read CorpNet's page. There can be great penalties if a business fails to file.
Most importantly, please consult your attorney to see if you need to file a BOI report!
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