Warning: session_start(): open(/var/cpanel/php/sessions/ea-php56/sess_nasp8gkaf2r3g19chj3p1adu3i, O_RDWR) failed: No such file or directory (2) in /home/wgrzhvsephs2/public_html/wp-content/plugins/booked/booked.php on line 372

Warning: session_start(): Failed to read session data: files (path: /var/cpanel/php/sessions/ea-php56) in /home/wgrzhvsephs2/public_html/wp-content/plugins/booked/booked.php on line 372
January 2024 « Oakbrook Chicago Tax Accountant | Small Business CPA | Top Rated CPA

Understanding the Beneficial Ownership Information (BOI) Report and Its Filing Requirements Beneficial Ownership Information (BOI) reports play a crucial role in ensuring transparency and accountability in corporate governance. These reports provide insight into the individuals who ultimately own or control a business entity, shedding light on ownership structures that may otherwise remain opaque. In this…

The Corporate Transparency Act (CTA), implemented on January 1, 2021, mandates various entities to submit a report on beneficial ownership information (BOI) to the Financial Crimes Enforcement Network (FinCEN) starting from January 2024. The objective is to enhance transparency regarding the individuals who own or oversee an entity and discourage money laundering activities. In this…