Understanding BOI Reporting: What It Is and Why It Matters

The Beneficial Ownership Information Report (BOIR) is a new requirement under the Corporate Transparency Act (CTA) for U.S. businesses. It's designed to increase transparency in business ownership and help combat financial crimes. This webinar will discuss why is BOI reporting is important including some key points as indicated below. • ALL Small Businesses Must File A BOI Report. • Legal Compliance: Avoid fines and sanctions by adhering to regulatory requirements. • Financial Transparency: Build trust with investors and stakeholders. • Prevent Fraud: Prevent financial crimes such as money laundering and tax evasion. • Due Diligence: Enable informed decision-making and reduce risk. • Corporate Governance: Promote ethical business practices. • Global Standards: Fight international financial crime. • Market Integrity: Foster a fair and competitive business environment. To learn more or file your report go to: https://www.fincen.gov/boi

Speaker(s): Mr. Carl Brown, DCSBDC State Director Rasul Sha’ir, Education and Advisory Services Manager, Washington Area Community Investment Fund (Wacif) Dina Shakur, Training Coordinator, Washington Area Community Investment Fund (Wacif)

Co-Sponsor(s): Wacif

Webinar login will be provided to registrants the day of the webinar.

Fee: No Cost