The Beneficial Ownership Information (BOI) filing is a crucial compliance requirement in the United States, introduced to increase transparency in business operations and prevent illegal activities such as Money laundering, tax evasion, and fraud. Here’s an overview of what BOI filing entails, who needs to file it, the penalties for non-compliance, and how to file. What is Beneficial Ownership Information (BOI)? BOI refers to the disclosure of information about individuals who own or control a significant stake in a company. The goal is to identify the true owners or controllers…
Read MoreFriday, November 22, 2024
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