New Year, More Burdensome Red Tape for American Small Businesses
January 11, 2024
January 11, 2024
WASHINGTON, Jan. 11 -- Rep. Patrick T. McHenry, R-North Carolina, chairman of the House Financial Services Committee, issued the following news release:
On January 1, 2024, new beneficial ownership information (BOI) reporting requirements went into effect. The reporting requirements were implemented under the Corporate Transparency Act (CTA), which was designed to strengthen national security tools by identifying shell companies that may be used for illicit activity. The goal of the . . .
On January 1, 2024, new beneficial ownership information (BOI) reporting requirements went into effect. The reporting requirements were implemented under the Corporate Transparency Act (CTA), which was designed to strengthen national security tools by identifying shell companies that may be used for illicit activity. The goal of the . . .