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Starting January 1, 2025, existing companies will need to report beneficial owners to FinCEN, which may start the process of cutting down on shell company abuse
by benmanns 2y ago
Starting January 1, 2025, existing companies will need to report beneficial owners to FinCEN, which may start the process of cutting down on shell company abuse. https://www.fincen.gov/boi-faqs#B_2 https://www.fincen.gov/boi-faqs#B_2
- avidiax 2y agoLast I heard about this, the shell companies have 6 months after creation to declare the true beficial owners. So it seems like the game continues, now in 6 month installments.