The Beneficial Ownership Information Report (BOIR) is a critical aspect of the Corporate Transparency Act (CTA), which was enacted to enhance transparency around business ownership. BOIR requires businesses to report detailed information about their beneficial owners, which helps the government prevent illicit activities like money laundering, tax evasion, and fraud. The penalties for... https://usawire.com/boir-penalties-explained-key-facts-you-should-know/