Starting January 1, 2024, many companies will be required to report information to the U.S. government about who ultimately owns and controls them.
Please Note: FinCEN cannot accept any reports until January 1, 2024
Here are some videos that I discovered. It breaks down an understanding on what we will have to comply to. These are the interpretations of people who made their own video breakdown
Also checkout the link provided at the bottom of this blog post, which will direct you to FinCEN for your own understanding.
FinCEN website https://www.fincen.gov/boi
FinCEN FAQs https://www.fincen.gov/boi-faqs#B_1