On March 21, FinCEN issued an interim final rule that removes the requirement for businesses registered in the U.S. and U.S. persons to report their beneficial ownership information (BOI) to FinCEN. This is a major change, as the previous Corporate Transparency Act required most registered businesses to file…
There have been major developments concerning Beneficial Owner Information (BOI) reporting in the last two days. The BOI report is once again required. The new deadline for filing the BOI report is March 21, 2025, for those businesses which were originally required to file by January 1, 2025. On February…
BOI Injunction Reinstated – Effective 12/26/24 There has been another update to the Beneficial Owner Information (BOI) reporting saga. Just three days after the nationwide injunction was lifted, on December 26th, the U.S. Court of Appeals for the Fifth Circuit reinstated the nationwide injunction. This means that as of December…
On Tuesday, December 3, 2024, a federal district court in Texas issued an order granting a nationwide preliminary injunction that blocks the Corporate Transparency Act (CTA)’s beneficial ownership information (BOI) reporting requirements, and the related deadlines to comply with the CTA’s reporting requirements, including the initial filing deadline…
If you have an established company or are planning on starting a new company in 2024 or beyond, please read this article carefully. What Is FinCEN BOI Reporting? BOI (Beneficial Owner Information) reporting is a mandatory NEW business filing requiring most U.S. companies to submit their BOI…
BOI (Beneficial Owner Information) reporting is a new mandatory business filing requiring most U.S. companies to submit their beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN) in 2024. While the actual requirement to report the BOI information is very real, the reporting has led to the latest…
If you have an established company or are planning on starting a new company in 2024 or beyond, please read this blog carefully. What Is FinCEN BOI Reporting? BOI (Beneficial Owner Information) reporting is a new, mandatory, NEW business filing requiring most U.S. companies to submit their BOI to…
