Business Information News Revised Beneficial Ownership Information Boi Rule Exempts U S Companies From Reporting

Updated Beneficial Ownership Reporting Rules: All U.S. Companies Are Exempt; Only Foreign Companies Must Report

On March 21, 2025, the Financial Crimes Enforcement Network of the U.S. Treasury Department (“FinCEN”) narrowed the scope of the beneficial ownership information (“BOI”) filing requirement under the ... Read More

The Very Weird End of Beneficial Ownership Information (BOI) Reporting

A frustrated entrepreneur’s tweet, some attention from DOGE, and a law that puzzled and worried small-business owners is on hold. Who owns that business? That should be an answer that is easy for any ... Read More

FinCEN Exempts U.S. Companies From Beneficial Ownership Reporting and Focuses on Foreign Entities

On March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) announced an interim final rule that significantly narrows the scope of beneficial ownership information (BOI) reporting ... Read More

FinCEN Exempts U.S. Companies and U.S. Persons from Beneficial Ownership Reporting Requirements

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ... Read More

U.S.-based small businesses exempt from ownership-reporting requirements

Following the U.S. Department of the Treasury’s announcement earlier this month that it will not enforce penalties against companies that do not report their beneficial ownership information (BOI), ... Read More

FinCEN Removes Beneficial Ownership Reporting Requirements for U.S. Companies and U.S. Persons, Sets New Deadlines for Foreign Companies

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ... Read More

Rockerbox Launches Beneficial Ownership Information (BOI) Reporting Platform to Help Small Business Owners

When we started to ask our small business clients if they heard of BOI reporting, most of them did not know about this program or their requirement to file a beneficial ownership information report.” ... Read More

BOI filing requirements for US companies, persons removed

The government on Friday significantly narrowed the scope of beneficial ownership information (BOI) filing requirements to foreign entities only, formalizing a move the Treasury Department previewed ... Read More

FINCEN Eliminates Beneficial Ownership Information Requirements For Domestic Companies

A joke going around is that the new FINCEN rule abolishing reporting requirements should be called the "Make Fentanyl Great Again" rule. The Financial Crimes Enforcement Network (FINCEN) on March 21, ... Read More

Treasury scraps reporting rule for U.S. small business owners

The U.S. Department of Treasury is scrapping a requirement for U.S. small businesses to report information about their owners to the federal government. It's the latest twist in an on-again, off-again ... Read More

Treasury publishes rule narrowing BOI reporting

The Treasury Department formally published an interim final rule Wednesday limiting the scope of the Corporate Transparency Act's beneficial ownership reporting requirement to foreign companies. The ... Read More