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🚨 LLCs & Corps, Mark Your Calendars! 📅 January 1, 2024: Mandatory BOI (Beneficial Ownership Information) submission kicks in. This will impact about 32.6 million reporting companies in the US, and the penalties for not complying are steep. ➡ What's required: The BOI report gives FinCEN your company's key details and the taxpayer ID. As the company's owner, you'll provide personal information for each beneficial owner, especially those controlling at least 25% of the company. For these owners,
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🚨 LLCs & Corps, Mark Your Calendars! 📅 January 1, 2024: Mandatory BOI (Beneficial
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