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Who is the “BOSS”? BSA changes in 2024

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Question: 
What is “BOSS”?
Answer: 

Beneficial Ownership Secure System. It will be operative on January 1, 2024. Reporting companies will need to register with BOSS between January 1, 2024 and January 1, 2025 if already in existence. New companies after January 1, 2024 will have 30 days to register after registered in their state.

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First published on 06/04/2023

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