Beneficial Ownership Information (BOI) refers to identifying information about the individuals who directly or indirectly own or control a company.
Why Do Companies Have to Report BOI?
In 2021, Congress passed the Corporate Transparency Act on a bipartisan basis. This law created a new beneficial ownership information reporting requirement as part of the U.S. government’s efforts to make it harder for bad actors to hide or benefit from their ill-gotten gains through shell companies or other opaque ownership structures.
BOI Webinar
In this informative webinar, we hear from Channing Mavrellis, a Guidance and Outreach Advisor with the Financial Crime Enforcement Network. In this webinar, Channing provides resources and answers to numerous questions and walks you through the process of registering. You’ll also learn important dates and timelines.
