New reporting requirement became effective January 1, 2024.
Many companies (such as LLCs and Corporations) must report information about their “Beneficial Owners” – the people who own/control the company.
They are required to report to the Financial Crimes Enforcement Network – a bureau of the US Department of Treasury.
There are some exemptions but most likely you’ll be required to report.
Do not lose your peace – we are more than happy to give you any guidance.