The Treasury Department announced that it is suspending enforcement of the Beneficial Ownership Information (BOI) reporting requirements. The rule requires the owners and part-owners of an estimated ...

Most businesses that are officially registered with their secretary of state will need to complete a BOI report. Many, or all, of the products featured on this page are from our advertising partners ...

With sensitivity to the regulatory burden on businesses, FinCEN has said it will assess its options to further modify deadlines, while prioritizing reporting for entities that pose the greatest ...

Andrea Gacki, director of the Financial Crimes Enforcement Network (FinCEN), during a House Financial Services Committee hearing in Washington, DC, US, on Wednesday, Feb. 14, 2024. The marketing ...

The Beneficial Ownership Information (BOI) report required small businesses to disclose who owned their companies. As of Sunday, the Treasury Department no longer requires the report from U.S.

All American businesses are now exempt from beneficial ownership reporting under the Corporate Transparency Act, federal regulators announced last week. Under this “interim final” rule, entities ...

The Corporate Transparency Act requires specific businesses to disclose information about individuals who hold significant control over or ownership in the company. This transparency measure is ...