Gene Weinbeck, Mentor Coordinator at the Ozarks Small Business Incubator, takes a few moments to share need-to-know information about the required Beneficial Ownership Information Report. Effective January 1, 2024, all businesses must report their ownership interest on a Beneficial Ownership Information Report. This is required by the US Treasury Department in order to make it harder for “bad actors” to hide or benefit from ill-gotten gains. Learn all about who must file, filing deadlines, and penalties for failing to file. Read more about Beneficial Ownership Reporting here.