Real Estate Investing Jennifer Fox Real Estate Investing Jennifer Fox

Understanding BOI Reporting: What Property Owners Need to Know

Beginning January 1, 2024, the Corporate Transparency Act requires certain businesses, including LLCs, to report their Beneficial Ownership Information (BOI) to the Financial Crimes Enforcement Network (FinCEN). The goal is to prevent money laundering, fraud, and other illegal activities by ensuring transparency in who ultimately owns and controls companies.

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