What Clients Must Know About New Beneficial Owner Interest Reporting 03-21-2024
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What Clients Must Know about New Beneficial Owner Interest Reporting REQUIREMENT
Presented by Nellie Akalp, CorpNet, Inc.
As of January 1, 2024, the Financial Crimes Enforcement Network (FinCEN) requires most legal entities, domestic or foreign, to report their beneficial ownership information (BOI). New LLCs or corporations filed after the new year have 90 calendar days to submit this new filing requirement. Join Nellie Akalp, an expert in corporate organization matters, to learn the ins and outs of the BOI filing to help your business-owner clients avoid non-compliance and strict penalties.
1) The Beneficial Owner's Information Report in general 2) Considerations for "Inactive" Entities 3) Elements of considered ownership interests 4) The inclusion/exclusion of (Irrevocable) trusts
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