Latest Post

The Corporate Transparency Act requires all existing “business entities” and “beneficial owners” to file a Beneficial Ownership Information Report with the U.S. Treasury’s Financial Crimes Enforcement Network’s (FinCEN) Beneficial Ownership Secure System (“BOSS”) on or before January 1, 2025, and entities established thereafter with 90 days of establishment. The stated purpose is to identify money laundering, tax evasion and other financial crimes, and the BOSS database will be accessible only to crime enforcement and tax collection entities.

By January 1, 2025, Beneficial Ownership Information Reports will be required from:

  • All non-exempt business entities, including trusts, authorized to or conducting business,

Continue Reading New Corporate Transparency Law