Forbes contributors publish independent expert analyses and insights. The Corporate Transparency Act ("CTA") requires that certain entities file annual reports with the Financial Crimes Enforcement ...

This week, the U.S. Court of Appeals for the Fifth Circuit allowed the Treasury Department to enforce Beneficial Ownership Information (BOI) reporting. By Thursday, the court had reversed that action ...

The Financial Crimes Enforcement Network (FinCEN) has amped up its outreach efforts to update businesses on the requirements for beneficial ownership information (BOI), which requires reports from ...

ROCK HILL, SC / ACCESSWIRE / December 26, 2024 / Recent regulatory changes have brought significant updates to the reporting obligations for companies filing beneficial ownership information with ...

NOTE: This article by Las Vegas attorney Greg P. Kerr was first published in the Community Associations Institute Nevada Chapter newsletter. We received permission to reprint it here. It is important ...

Most small businesses are not filing required beneficial ownership information (BOI) reports because they are not sure they need to or because they are procrastinating, according to a poll released ...

If you fail to submit your BOI report and willfully violate the reporting requirement, you will be subject to civil penalties of up to $500 per day for the duration of the violation. You may also be ...