The Corporate Transparency Act introduces significant reporting requirements for many businesses in the United States. Most small businesses are now required to file a Beneficial Ownership Information Report with the Financial Crimes Enforcement Network. But the Better Business Bureau serving Connecticut says this new form can lead to an increase in scams. We spoke with Kristen Johnson with the BBB about the potential risks and what to look out for.
The government form: Beneficial Ownership Information Reporting | FinCEN.gov
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