In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do while the order remains in force. However, reporting companies may continue to voluntarily submit beneficial ownership information reports. More information is available on FinCEN’s website at https://www.fincen.gov/boi

HOA FAQ for BOI

FAQs for BOI filing  Why is Beneficial Ownership Important in Corporate Transparency Act reports? Simply put, it’s about individuals owning 25% or more of a U.S. small business or having significant control over decisions. The Corporate Transparency Act mandates...