What Is A Beneficial Ownership Information Report?

By Matthew Dochnal January 3, 2025
business regulations

Starting January 1st, 2024, owners of U.S. businesses will need to comply with new rules. The Corporate Transparency Act (CTA) is a federal law that requires business entities, like LLCs and corporations, to report information about their owners to the Financial Crimes Enforcement Network (FinCEN). These new reports are called “Beneficial Ownership Information Reports”. Honest business […]

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What Is Evidence In Business Formation?

By Matthew Dochnal January 2, 2025

“Can I see your evidence of filing?” That is what the banker said when I went to open my business account. The banker then said can I see your “articles?” How about the “proof” your company was formed? These terms are all synonymous.  Banks need certain documents for “know your customer” law compliance under the […]

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