U.S. Companies and Business Owners Exempted from CTA Reporting Requirements
By EsqSocial Corporation 01/04/25
The Financial Crimes Enforcement Network (“FinCEN”) has issued an interim final rule that would exempt U.S. companies and U.S. persons from reporting their beneficial ownership information (“BOI”) as part of the Corporate Transparency Act’s reporting requirements. Under the new proposed rule, only entities previously defined as “foreign reporting companies” are required to report BOI....
By: Bodman