The Beneficial Ownership Information Report (BOIR): Have you heard of it? 🤔 The BOIR is a new requirement under the Corporate Transparency Act, designed to increase transparency in business ownership. Here’s what you need to know: 🔹 It applies to most LLCs, including those used by landlords for rental properties. 🔹 You’ll need to report information about your LLC’s “beneficial owners” — typically, anyone who owns 25% or more of the company or has substantial control over it. 🔹 Landlords must
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The Beneficial Ownership Information Report (BOIR): Have you heard of it? 🤔 The BOIR is a new requirement under the Corporate Transparency Act, designed to increase transparency in business ownership. Here’s what you need to know: 🔹 It applies to most LLCs, including those used by landlords for rental properties. 🔹 You’ll need to report information about your LLC’s “beneficial owners” — typically, anyone who owns 25% or more of the company or has substantial control over it. 🔹 Landlords must
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