UPDATE: DECEMBER 28, 2024: In the latest twist of the FinCEN Beneficial Owners Information (BOI) report, the new deadline for FinCEN's BOI Report is on hold again. On Saturday, December 28, The United States Fifth Circuit Court of Appeals reimposed the injunction imposed by a U.S. District Court in Texas...
Important News Regarding the Beneficial Owners Interest (BOI) Report
There is important news regarding the Beneficial Owners Interest (BOI) report based upon a recent District Court decision in Texas. In the case of Texas Top Cop Shop, Inc., et al. v. Garland, et al., Case No. 4:24-cv-478, the Court found that the Corporate Transparency Act (CTA) was unconstitutional and that...
Beneficial Ownership Information Form – Less than a Month to Come Into Compliance
Hopefully, by now, you’ve become aware of the Beneficial Ownership Information Form, commonly referred to as the BOI Form or BOI Report. The Financial Crimes Enforcement Network (FinCEN) finalized rules for this report late last year, and qualifying entities formed before January 1, 2024, have until January 1, 2025, to...
Tuning Up Your Business
It's human nature to take the "if it ain't broke, don't fix it" attitude, which extends to allowing areas of your business to evolve and develop without scrutiny. This is why tuning up your business is an essential part of leadership for shareholders in a corporation and members in an...
Don’t Forget About the Beneficial Ownership Information (BOI) Report
Have you forgotten about the Beneficial Ownership Information (BOI) Report established by the Corporate Transparency Act (CTA) of 2021? Owners of qualifying domestic entities, as well as those qualifying foreign entities conducting their business within the United States and/or its territories are required to electronically submit a report to the...
The Corporate Transparency Act takes Effect Monday, January 1, 2024
The Corporate Transparency Act takes effect Monday, January 1, 2024. What are the primary goals of the Corporate Transparency Act? Who is required to comply with the information disclosures within this important new law and what are the steps to compliance? The Corporate Transparency Act (CTA) was passed as part...
The Importance of Year-End Corporate Governance Work
What is the importance of year-end corporate governance work? I know. I can see and hear it now: most businesspeople just roll their eyes and ask, “why do I have to go through this hassle?” What is the purpose of a corporate entity in the first place? What is corporate...
ABCast Episode 12 – The Life Cycle of a Business
Join us and listen to the latest update to our podcast "ABCast" Episode 12 - The Life Cycle of a Business. In this episode, Janathan Allen discusses the broad range of valuable integrated services provided by Allen Barron, Inc. at every phase of a company's life: startup, business planning, the...
Many Questions to Consider When Forming an LLC in San Diego
There are many questions to consider when forming an LLC in San Diego. Are you in the process of a start-up business, and preparing to form a new LLC in Southern California? There are several issues you should consider before approving and filing the associated forms and corporate documents. The...