BOI: New Federal Reporting for Small Businesses
illinois.edu
BOI: New Federal Reporting for Small Businesses
Guest blogger, Larry Gray (AGC Solutions) explains the basics of Beneficial Ownership Information (BOI). BOI is issued by the Financial Crimes Enforcement Network (FinCEN). According to BOI, qualifying small businesses are required, beginning January 1, 2024, to report certain company and individual information to FinCEN.
Jan 22, 2024
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