A federal district court in Alabama has found the Corporate Transparency Act, which includes the controversial Beneficial Ownership Information reporting requirements, to be unconstitutional. ...
Check back often for the latest FAQs about the BOI Reporting Process....
FinCEN opened its e-filing portal for BOI reports on January 1, 2024 and provided a 21-page instruction guide for completing the reports. Here’s what you need to know. ...
Who is required to file a BOIR? When is it due and what information is required? Find out more in this article. ...
Under the Corporate Transparency Act (CTA), reporting companies are required to report to the Financial Crimes Enforcement Network (FinCEN) certain identifying information about themselves, as well their beneficial owners and company applicants. FinCEN’s Beneficial Ownership Information Reporting Requirements Rule (BOI Reporting Rule), published on September...
The Financial Crimes Enforcement Network (FinCEN) amended the Beneficial Ownership Information (BOI reporting rule to extend the deadline for filing certain BOI reports. Excerpt from the regulation: • Companies created or registered in 2024 will now have 90 days after they’re formed, up from the previous 30...
The Corporate Transparency Act (“CTA”) was enacted into law as part of the National Defense Act for Fiscal Year 2021. 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. Penalties...
