Articles Posted in Beneficial Ownership Information Reports

As we discussed in our prior update, a federal court in Texas has issued a preliminary injunction against the Corporate Transparency Act (CTA) reporting requirement, the Beneficial Ownership Information Report (BOIR).  (You may recall that the CTA requires companies created before 2024 to file BOIRs before January 1, 2025; new…

The Corporate Transparency Act (CTA) requires most small business corporations and limited liability companies to file Beneficial Ownership Information Reports (BOI reports or BOIRs) with the Financial Crimes Enforcement Network (FinCEN), a part of the United States Department of Treasury.  The purpose of the reports is to give law enforcement…