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Ep. 28: Beneficial Ownership Law: What Small Businesses Need to Know
Manage episode 399910984 series 3441484
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NFIB experts explain a new law that went into effect Jan. 1, 2024 and impacts over 32 million small businesses. NFIB Small Business Legal Center Executive Director Elizabeth Milito and Vice President of Federal Government Relations Jeff Brabant provide their expertise on the new Beneficial Ownership Information reporting law and what it means for small business owners. Find out how to know if your small business needs to report beneficial owners, who falls under the beneficial owner category, and more.
TAKE ACTION: NFIB is leading the fight against this legislation. Urge Congress to repeal the beneficial ownership reporting requirement: https://www.nfib.com/advocacy/now/?vvsrc=%2fcampaigns%2f107617%2frespond
Learn more about the requirements of the new law on NFIB’s fact sheet: https://strgnfibcom.blob.core.windows.net/nfibcom/FinCen-One-pager-12-18-23-update.pdf
Watch a free NFIB webinar with guest attorney discussing the law in more detail: https://pages.nfib.com/WBN-2024-01-17-NAT-Beneficial-Ownership-Reporting-Is-Here-PDEW_LP-Register.html
If you have any questions about the beneficial ownership reporting requirement, reach out to the NFIB Legal Center at info@nfib.org.
To submit your questions or requests for future podcast topics or guests, please email podcast@nfib.org.
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