Beneficial Ownership Reporting Is Back: What Does It Mean for Your Business?

It’s time to sharpen those pencils — Beneficial Ownership Information (BOI) Reporting ... lifted injunction, FinCEN (Financial Crimes Enforcement Network) has set a new deadline of March ... Read More

Practical Implications of the Interim Final Rule for BOI Reporting Under the CTA

As we previously discussed, the Financial Crimes Enforcement Network (FinCEN) published an interim final rule (IFR) on March 26 that narrowed ... Read More

FinCEN Removes Beneficial Ownership Reporting Requirements for U.S. Companies and U.S. Persons Under the CTA

On March 21, 2025, the Financial Crimes Enforcement Network (FinCEN ... for U.S. domestic reporting companies and U.S. persons to report Beneficial Ownership Information (BOI) under the Corporate ... Read More

'Enormous Chaos and Confusion': Do You Need to File a BOI Report? After Another New Ruling, Here's What Business Owners Need to Know.

Millions of small businesses have yet to file a Beneficial Ownership Information (BOI) Report, a document that identifies who owns a business by ... Enforcement Network (FinCEN) to enforce BOI ... Read More

States should take charge of gathering beneficial ownership data

The decision to stop requiring U.S. companies to report beneficial ownership information is misguided. The compliance burden could be substantially eased by collecting the data at the state level. Read More

Business advocacy group seeks destruction of millions of BOI records

A small business advocacy organization that sued over beneficial ownership information (BOI ... CPA societies wrote numerous letters to Congress and FinCEN urging a delay in the BOI reporting deadline ... Read More