SINCE 1974
What Is A Beneficial Ownership Information Report (BOIR)? Starting in 2024, U.S. businesses need to submit Beneficial Ownership Information to FinCEN. These reports include personal information about significant people involved in the company, including owners and managers. CTAboi.com has a Complete Guide to Beneficial Ownership Information Reporting (BOIR) Imagine you are an FBI agent investigating […]
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FinCEN provided the following deadlines by which companies need to comply with beneficial ownership reporting requirements: This law goes into effect on effective January 1, 2024. Companies incorporated or formed before January 1, 2024 will only have until January 1, 2025 to complete the FinCEN filing. Companies incorporated or formed on or after January […]
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What is the Corporate Transparency Act? The Corporate Transparency Act is new legislation that requires all small business entities to file “beneficial ownership” information (BOI) with FinCEN. A beneficial owner is an individual who directly or indirectly has “substantial control” over a company and/or owns at least 25% of a company’s ownership interests. The CTA […]
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