Join the SAME DC Post as we join with all SAME Mid-Atlantic Posts for this month’s virtual First Friday Webinar “Beneficial Ownership Information (BOI)” (1PDH) featuring speakers, Daniel Ward and Ryan Berry, Ward & Berry. Registration opens on September 6. Free for SAME Members (any Post) and Students; $25 for non-members. Sponsorship for this event is available through annual or event sponsorship. Contact: Bree Beal, bbeal@hksinc.com
In 2021, Congress enacted the Corporate Transparency Act. This law creates a 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. Beginning in January 2024, many companies are required to report information about their beneficial owners, i.e., the individuals who ultimately own or control the company. They will have to report the information to the Financial Crimes Enforcement Network (FinCEN). FinCEN is a bureau of the U.S. Department of Treasury.
Learn more about who has to report, how to obtain the information from a company’s beneficial owners and what needs to be reported to FinCEN. www.fincen.gov/boi