New Beneficial Ownership Reporting under Corporate Transparency Act: An Additional Compliance Burden You Won’t Want to Miss
Many companies, including single member LLCs, are now required to report information about the individuals who ultimately own or control the company, i.e. Beneficial Ownership Reporting, to the Financial Crimes Enforcement Network (FinCEN) on an annual basis. This new requirement is part of FinCEN’s continued efforts to fight against money laundering, terrorism financing, and other […]