The Corporate Transparency Act’s Beneficial Ownership Information (BOI) Report
In 2021, the Corporate Transparency Act (CTA) was enacted by Congress to help thwart the illicit activities of shell companies. Effective January 1, 2024, the CTA requires certain companies to report information on their beneficial owners. The Beneficial Ownership Information (BOI) report must be filed through the Financial Crimes Enforcement Network (FinCEN) with the due […]