FinCEN Interim Final Rule Significantly Reduces BOI Reporting Requirements

On March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) announced significant updates to Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act. Below are the key details:   What Has Changed? Removal Read More

Cassidy Roell

Mar 21, 2025

Important Update: FinCEN Pauses BOI Reporting Enforcement and Extends Deadlines

On February 27, 2025, FinCEN announced important changes to Beneficial Ownership Information (BOI) reporting enforcement and deadlines, which may impact your compliance requirements under the Corporate Transparency Act.   Key Highlights of the Announcement No Read More

Cassidy Roell

Feb 28, 2025

Update: Corporate Transparency Act (BOI Reporting) is On Hold

Updated 12/30/2024 The U.S. Court of Appeals for the Fifth Circuit has reinstated a nationwide injunction that temporarily halts the enforcement of Beneficial Ownership Information (BOI) reporting requirements. This means that reporting companies are not Read More

Cassidy Roell

Dec 27, 2024

Beneficial Ownership Information

Is Your Business Subject to the New BOI Reporting Rules? Due March 21, 2025

Starting January 1, 2024, an anticipated 32.6 million businesses will be required to comply with new beneficial ownership information (BOI) reporting rules under the Corporate Transparency Act (“CTA”). BOI reporting involves the disclosure of information Read More

Cassidy Roell

Dec 06, 2023

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