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337 - The BOI (Beneficial Ownership Information) Report and Why You Need to File It ASAP
On today's episode of the podcast we're taking about the Corporate Transparency Act and why it comes with a Beneficial Ownership Information report. Spoiler alert: you'll need to fill out the BOI form this year if you haven't already.
When Congress makes new laws, they set a day when the law becomes effective. It’s a heads up that they’re changing the rules and that starting on that day-you’ll be expected to obey.
That delay gives everyone time to
• read the new law,
• ask questions about what the new law means, and
• organize resources in preparation for the new law.
In 2021 Congress passed…
The skinny
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