New Beneficial Ownership Reporting Requirements: What You Need to Know
NebulaePS- Sep 20, 2023
- 2 min read
Starting in 2024, a significant change in the U.S. business landscape will take effect. Many newly formed entities or those newly registered to do business in the United States will be required to report to the Financial Crimes Enforcement Network (FinCEN) information about their beneficial owners. This requirement will also extend to existing entities beginning in 2025.
