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Exposed Thread Barry Pruett Exposed Thread Barry Pruett

Beneficial Ownership Reporting Requirements: A Tumultuous Journey Through Courts and Congress

As of February 21, 2025, companies must prepare to file beneficial ownership information reports to the Dept. of Treasury by March 21, 2025, unless the Senate acts swiftly on H.R. 736 or courts intervene. The process involves submitting names, addresses, birthdates, and identification numbers for beneficial owners via FinCEN’s online portal—a task many find daunting amid the uncertainty.

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