Important Updates on BOI Filing Requirements and the Corporate Transparency Act

Important Updates on BOI Filing Requirements and the Corporate Transparency Act As businesses navigate the changing landscape of the Corporate Transparency Act (CTA) and the Beneficial Ownership Information (BOI) filing requirements, it’s crucial to stay informed of the latest developments. Below, we’ve summarized recent updates and provided clarity on what they mean for your reporting…

BOI Update: Court Blocks Enforcement of Reporting Requirements

BOI Update: Court Blocks Enforcement of Reporting Requirements BOI Update Alert: A recent ruling by a Federal U.S. District Court in Texas put a preliminary injunction preventing the enforcement of the CTA and BOI reporting requirement. Pending the final outcome of the proceedings, FinCEN is barred from enforcing the BOI deadline Key Take Aways: The…