BOI
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Oh, BOI. Beneficial Ownership Information Reporting Stayed by Court Order
I’ve previously blogged about the new-for-2024 federal Beneficial Ownership Information (“BOI”) reporting requirement, here, here, and here. Now, like that certain space saga, I’m here with a fourth installment, ready to destroy everything that happened in the original trilogy. And while I assure you this will be Jar Jar free, that is actually not the…
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Yea, BOI.
Deadline to File Initial BOI Report for Entities Created Prior to January 1, 2024 Filing Deadline Approaching for Many Legal Entities If you own or control an entity, such as a limited liability company (“LLC”) or a corporation (but not limited to these), an informational report will need to be filed that, prior to January…
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Alabama Federal Court Declares Corporate Transparency Act Unconstitutional
But the ruling is not applicable to all businesses On March 1, 2024, a significant development arose in the ongoing saga of the Corporate Transparency Act (CTA). In a landmark decision, the U.S. District Court for the Northern District of Alabama, in National Small Business United d/b/a National Small Business Association v. Yellen, No. 5:22-cv-01448-LCB…
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New Federal Law Requires Disclosure of Beneficial Ownership Information of All Entities, Old and New
As of January 1, 2024, a significant change has impacted American businesses with the implementation of the federal Corporate Transparency Act (CTA). This law requires many businesses to disclose information about their beneficial owners, individuals who ultimately control or own 25% or more of the company’s interest. This is by the filing of a report…