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NEW Beneficial Ownership Reporting Requirement for ALL LLCs

NEW Beneficial Ownership Reporting Requirement for ALL LLCs

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If you have created an LLC or corporation in the US, there is a new beneficial ownership filing requirement going into effect January 1, 2024. There are significant civil and criminal penalties if you fail to file timely, so you don't want to miss out on learning about this new law. You'll need to understand if your company needs to file (HINT: If you have less than 20 employees, it probably does) and which individuals within your company need to be included. Here are links to the government information referenced in this episode so youc an learn more: FINCEN Beneficial Ownership Filing FAQs FinCEN Small Entity Compliance Guide

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