06/03/2024
Hiya friends! Sharing is caring, so if you've got a business - listen up!
There are NEW FEDERALLY REQUIRED REPORTING PROCESSES for domestic and foreign corporations, LLC and other entities as of January 1st 2024. Depending on the nature of your organization, you may be asked to submit a report.
The pdf linked below reviews the entities who are required to report, as well as the entities that are exempt from reporting. There are several exemption reasons, and the report goes through each one in detail.
If you have any ownership or interest in an entity like an LLC, you may want to see if this applies to you. :)
Website: https://www.fincen.gov/boi
Guide:https://www.fincen.gov/sites/default/files/shared/BOI_Small_Compliance_Guide.v1.1-FINAL.pdf