> "The rule will require most corporations, limited liability companies, and other entities created in or registered to do business in the United States to report information about their beneficial owners—the persons who ultimately own or control the company, to FinCEN."
I shared this because a CPA recently told me that very few people seem to know that this change is coming. It was the first I had heard of it and obviously doesn't impact most people. But it seemed like a big deal since it goes after those using anonymous shell companies to hide things.
I am working on this and the tricky part is that you will need to file amendments within 30 days whenever there is a change in the details you filed. So changes in corporate structure, someone moves, ID card expires, you have to file an amendment.
I shared this because a CPA recently told me that very few people seem to know that this change is coming. It was the first I had heard of it and obviously doesn't impact most people. But it seemed like a big deal since it goes after those using anonymous shell companies to hide things.