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Beneficial Ownership Information – Jonathan Geever, CPA

Attention business owners: By now you have heard of a new filing requirement for your business called beneficial ownership information. Like most people, you might think, “Great! More hoops to jump through to operate my small business.” Below we will clarify exactly how this new regulation impacts your business. Background In 2021, Congress enacted the…

Beneficial Ownership Information (BOI) Reporting Overview

By GCKAccounting

Starting January 1, 2024, Companies operating domestically or foreign Companies registered to do business in the US may be subject, under the Corporate Transparency Act, to identify all individuals who own at least 25% of the Company or have control over the Company directly or indirectly. This is called the Beneficial Ownership Information (BOI) Reporting…