Why it makes sense to prepare now to file the FINCEN Beneficial Ownership Inforamtion (BOI) reporting even if the deadline is ...

The rule requiring businesses to report their beneficial ownership is deeply flawed. Enforcement should be suspended until it ...

A bill that could offer a reprieve for businesses seeking certainty on beneficial ownership information (BOI) reporting ...

The Financial Crimes Enforcement Network list includes inflation-adjusted amounts for the civil monetary penalties for violating beneficial ownership information reporting rules.

Considering conflicting rulings, businesses remain understandably confused about whether to file their mandated Beneficial Ownership Reports with FinCen. As of this writing, the answer remains ...

The U.S. Supreme Court is allowing the Financial Crimes Enforcement Network (FinCEN) to penalize entities for not filing required beneficial ownership information (BOI) reports, however, a separate ...

It is not affected by the Supreme Court's order." Companies can continue to voluntarily file beneficial ownership information reports with FinCEN, but they won't be subject to liability for failing to ...

Facebook and Instagram owner Meta Platforms is planning to spend as much as $65 billion this year alone to build on the social media company's artificial intelligence (AI) initiatives, CEO Mark ...

“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 ...

FinCEN can share beneficial ownership information with government agencies, law enforcement agencies, and some financial institutions. However, a small business cannot fulfill their federal ...

Editor's Note 1/24/25: There is currently no filing deadline for the Beneficial Ownership Information reporting requirement, which is currently on hold. As of this date, there is no requirement to ...