Where We Stand on BOI Reporting: Less Than Two Weeks Left in the Year
As the end of 2024 approaches, US businesses are navigating the Beneficial Ownership Information Reporting (BOIR) requirements mandated by FinCEN. With less than two weeks left, now is the time to understand the latest updates, trends, and strategies to meet … Read more
Corporate Transparency Act (CTA) Temporarily Blocked: What You Need to Know
On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a preliminary nationwide injunction against the Corporate Transparency Act, pausing its requirement for filing beneficial ownership information (BOI) reports.
Judge Amos L. Mazzant III ruled … Read more
New Pennsylvania Annual Report Filing Requirement Impacts Most Organizations
Beginning January 2025, business entities registered in Pennsylvania must file an annual report with the Pennsylvania Department of State Bureau of Corporations. The change was initiated on November 3, 2022, with the signing of 2022 Act 122.
This new … Read more
Understanding Nebraska’s New Professional Services Requirements
In a significant regulatory update, the state of Nebraska recently announced that they will no longer consider architecture and engineering to be professional services for the sake of forming or qualifying a professional corporation or professional LLC. This has significant … Read more
FinCEN Announces BOI Reporting Relief for Victims of Recent Natural Disasters
With the deadline for Beneficial Ownership Information reporting rapidly approaching, the Financial Crimes Enforcement Network (FinCEN) has announced new relief for those impacted by the recent hurricanes across the Southeast.
Who’s Impacted by the Announcement?The announcement applies to victims … Read more
The 7 Best Questions We Received During our BOI Webinar with SCORE
We recently had the opportunity to host a webinar on Beneficial Ownership Information (BOI) reporting under the Corporate Transparency Act with SCORE, the premier organization dedicated to helping entrepreneurs start and grow their businesses through mentoring and education.
SCORE’s … Read more
Breaking Down FinCEN’s New BOI Reporting FAQs: Key Updates for Businesses
In its ongoing effort to provide clarity to businesses, FinCEN recently published another round of FAQs about Beneficial Ownership Information (BOI) reporting under the Corporate Transparency Act (CTA). These latest FAQs expand on key areas of BOI reporting, addressing common … Read more
State-Level BOI Requirements Reinforce the Corporate Transparency Act (CTA)
Beneficial Ownership Information (BOI) requirements are a cornerstone of corporate transparency in the U.S. These regulations, introduced at both federal and state levels, are designed to prevent illegal activities such as money laundering and tax evasion by ensuring businesses disclose … Read more
Oregon Federal Court Upholds the CTA as Constitutional
In a recent ruling, a federal court upheld the Corporate Transparency Act (CTA) as constitutional, rejecting claims that the law violated several amendments. The plaintiffs, seven individuals, challenged the CTA, arguing that it infringed on their rights to privacy, free … Read more
LB102: Nebraska’s New Licensing Requirements for Land Surveyors
Recently, Nebraska passed LB102, bringing important updates to the state’s land surveying regulations. The new legislation modernizes key processes, improves accuracy, and sets stricter standards for land surveyors across the state. While the bill addresses several aspects of land surveying, … Read more
