Did you know there are new rules for businesses in the US? These rules are about who owns a company. It's to help stop bad guys from hiding money! This affects trucking companies, too.
- The new rule is called BOI reporting, and it wants companies to tell the government who owns them.
- This is part of a bigger effort to make businesses more transparent and prevent things like money laundering.
- Most trucking companies need to share information, but big companies like banks are exempt.
| Fact | Detail |
|---|---|
| Law's Purpose | Prevent financial crimes |
| Who's Affected | Most trucking companies, LLCs, partnerships |
| Information Shared | Owner details to FinCEN (a government agency) |
