Corporate Transparency Act Update: U.S. Companies No Longer Subject to Reporting Obligations

04.07.25

As promised, FinCEN has adopted its interim final rule and narrowed the filing requirements for Beneficial Ownership Information ("BOI") reporting under the Corporate Transparency Act ("CTA"). This rule exempts U.S. entities from BOI reporting requirements and only requires foreign reporting companies to report. Per the interim final rule, entities previously defined as “domestic reporting companies”... Continue Reading

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