LLCs, certain businesses must supply BOI info to feds by Jan. 1

By Yahoo! Finance   |   1 year ago
LLCs, certain businesses must supply BOI info to feds by Jan. 1

The Corporate Transparency Act mandates businesses, including LLCs, to disclose beneficial ownership info to the Treasury Department by Jan. 1 to combat money laundering. Failure to comply may result in penalties. The disclosed info must be accurate and updated when changes occur.

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