Author: Ben Henry-Moreland
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In 2021, Congress passed the Corporate Transparency Act, which, for the first time, required small business entities such as LLCs and corporations to report identifying information on their “beneficial owners” (i.e., those who own at least 25% of, or who otherwise exercise substantial control over the business). The law’s provisions became effective on January 1,Read More…
The post FinCEN’s New 2024 Requirement For State-Registered RIAs (And Other Small Businesses) To Report Beneficial Ownership Information (BOI) first appeared on Kitces.com.