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if you are a business owner or youamp;#39;re planning to become a business owner in this country there is a major change coming on January 1st that you need to know about and youamp;#39;re going to need to act right after the first of the year now every business whether itamp;#39;s a C Corp an S corp and LLC or any type of business entity that is created through filing some sort of documentation with a secretary of state must now file whatamp;#39;s called beneficial ownership information to the Department of treasuryamp;#39;s Financial crimes enforcement Network or finsen this also includes foreign companies that do business in the United States now this video is going to tell you all about how to file when you file and why you have to file so letamp;#39;s just start with that why is this happening well Congress so back in 2021 both Republicans and Democrats passed the corporate transparency act this law created whatamp;#39;s called The Beneficial ownership information or Boi re