November 29 Rule Change for Beneficial Owner Reporting
As discussed in in our post on November 14, 2023, the Corporate Transparency Act requires many business entities to report information about their beneficial owners in a brand-new government database. This reporting must be done during 2024. On November 29, 2023, the Financial Crimes Enforcement Network (FinCEN) finalized a new rule that affects entities that are newly-formed during 2024. For ...