Is it too soon for a BOI report obituary? After a recent declaration by the U.S. Department of Justice, the FinCEN Beneficial Ownership Interest reporting requirements may be a thing of the past for American companies.Earlier this week, after many Court challenges and associated delays, the FinCEN BOI Report deadline...
BOI Reporting Requirement Deadline is Now Set for March 21, 2025
Attention: FinCEN BOI reporting requirement deadline is now set for March 21, 2025. A decision yesterday, February 18, 2025, in the case of Smith, et al. v. U.S. Department of Treasury, et al., 6:24-cv-00336, has returned the reporting requirements of the Corporate Transparency Act (CTA) and the Beneficial Ownership Interest...
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...