Financial Crimes Enforcement Network created a new reporting requirement for businesses effective January 1, 2024. This reporting will give FinCEN information about the individuals who own and control each business.
For more information on this requirement, please refer to the BOI website at: https://www.fincen.gov/boi
Since advising on this matter can be considered “legal advice”, Parks & Company cannot consult on, nor assist in preparation of this reporting requirement.