NOT FOR REPRINT
New Ownership Reporting Rules Probably Apply to Your Small-Business Clients
Expert Opinion February 21, 2024 at 04:20 PM
Share & Print
What You Need To Know
- Nearly all U.S. businesses are required to provide beneficial ownership information to a federal database that opened Jan. 1.
- The reporting is intended to limit taxpayers' ability to abuse ownership structures for criminal activity.
- Businesses, including LLCs, created before Jan. 1 must file a BOI report with FinCEN by Jan. 1, 2025.
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
