FinCEN Suspends Beneficial Ownership Reporting Requirements for U.S. Companies Under the Corporate Transparency Act
Since the enactment of the Corporate Transparency Act (CTA), business owners have been watching the back-and-forth developments on beneficial ownership information (BOI) reporting like a legal soap opera. ON: The Initial Rollout Initially, the CTA required business owners to report details on anyone owning 25% or more of a company or exerting substantial control over […]