beneficial ownership information reporting

BOI Reporting Obligations Reinstated

BOI Reporting Obligations Reinstated

The Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) is the agency that enforces the Corporate Transparency Act (CTA). Recently, FinCEN sent out a notice indicating a new deadline of March 21 for small businesses to comply with its beneficial ownership information (BOI) reporting requirement. A nationwide injunction was issued, temporarily

Sonya Foster2025-02-21T08:38:34-07:00February 21st, 2025|

Corporate Transparency Act – The BOI Reporting Requirement

Corporate Transparency Act – The BOI Reporting Requirement

Starting January 1, 2024, a significant number of businesses will be required to comply with the Corporate Transparency Act (“CTA”). The CTA requires the disclosure of the beneficial ownership information (otherwise known as “BOI”) of certain entities from people who own or control a company. Background on the New BOI

Sonya Foster2024-01-25T09:20:15-07:00January 25th, 2024|