If the current deadline is enforced, failing to file the BOI report could cost small businesses up to $591 per day, up to $10,000 in fines, and up to two years in prison. Related: This New Under ...

Starting last January, the U.S. Department of Treasury’s Financial Crimes Enforcement Network has opened a portal for ...

This issue of beneficiary owner filing in China Q&A series explains what a beneficiary owner is and its difference from an ...

If an injunction is lifted, FinCEN will extend BOI filing deadlines for 30 days and reassess the types of companies required to file beneficial ownership information reports, the government said in ...

As of the start of 2024, small companies meeting certain qualifications were required to file beneficial ownership information reports (BOI) with the Department of the Treasury’s Financial ...

Treasury official notes the department aims to “reduce regulatory burden on businesses,” and is looking at modifying the ...

Companies that do not file BOI reports also are not subject to liability while the ... the identity and information about beneficial owners of the entities. For new entities incorporated after Jan. 1, ...

“These lower-court injunctions have temporarily impacted BOI reporting but do not address the core constitutional issues,” ...

Discusses the willfully requirement for the filing of FINCEN Beneficial Ownership Information Reports (BOIR) under the ...

Starting last January, the U.S. Department of Treasury’s Financial Crimes Enforcement Network has opened a portal for businesses to file their beneficial ownership information reports (BOI).