Starting Jan. 1, 2024, most U.S. businesses will have to report information about their “beneficial owners” — that is, the individuals who actually own or control a company — to a federal agency known as the Financial Crimes Enforcement Network.

Chris Branson summarized how businesses can begin preparing now in this article for Mainebiz.

Read the complete article here.

You can also view the following in-depth updates on our blog and we’ll continue to post as more information becomes available.

• September Update
• October Update