230,000 Farmers & Ranchers Need to File Paperwork with Federal Government by Jan 1, But Most Don't Know It

Under the Corporate Transparency Act, thousands of farmers and ranchers must file Beneficial Ownership Information (BOI) with the Treasury Department or face criminal penalties. Most are unaware.

Many ranchers and farmers are required to file Beneficial Ownership Information (BOI) with the Treasury Department by January 1, 2025 or face steep penalties, but most are not aware of this requirement, or that it applies to them.

The Corporate Transparency Act of 2021, in an effort to prevent money laundering, required businesses to register all “benefi…