H. R. 736, titled the “Protect Small Businesses from Excessive Paperwork Act of 2025,” aims to change the deadline for filing beneficial ownership information reports. If a reporting company was formed or registered before January 1, 2024, it must now file the necessary reports by January 1,...
Simple Explanation
H.R. 736 is a law that helps small businesses by giving them more time, until January 1, 2026, to fill out important paperwork about their ownership if they started before 2024. This means they don't have to hurry and can take their time to get it right.