Paul Burkhart

January 23, 2025 | Daily Business Review

The BOI is the U.S. Treasury’s efforts to prevent illegal activities and financial crimes tied to business entities that may be formed to hide personal liability and owner information—specifically, business owners and individuals who use shell companies to launder money, avoid taxes and hide wealth. Most importantly, this helps to identify business owners who may defraud customers and employees.

By Paul Burkhart

6 minute read