#24 - Beneficial Ownership Reporting Requirements: New in 2024
Empowering Healthy Business: The Podcast for Small Business Owners · 2024-10-08 · 17 min
Episode notes
There is a new federal filing requirement for 2024 that new and existing businesses must comply with, or else face hefty fines. Businesses are required to report the identities of their Beneficial Owners. This filing is typically made by tax CPAs or attorneys and must be kept updated. Greg Reed helps us navigate these new requirements. More specifically, this episode includes: What is Beneficial Ownership? Beneficial Ownership is reported to a federal government agency (different from the IRS) Penalties for failing to file and filing deadlines How to file reports The need to file informational updates Next steps for business owners Book a meeting with Cal or Greg here: . Send us Fan Mail Thanks for listening! Host Cal Wilder can be reached at: cal@empoweringhealthybusiness.com