Beneficial Ownership Information: 5 Key Aspects of the Corporate Transparency Act
January 1, 2024 marked the beginning of the requirement for many businesses in the United States to report Beneficial Ownership Information (BOI) to the Financial Crimes Enforcement Network (FinCEN) of the Department of the Treasury. This obligation stems from the Corporate Transparency Act (CTA), which aims to increase transparency regarding business ownership and combat illicit […]