#corporatetransparency – BOI Reporting Pros

How does the Alabama Federal Court decision impact BOI Reporting?

The Beneficial Ownership Information Reporting rule (BOI), implemented in January 2024, aims to increase transparency by requiring companies to report their true owners. This helps authorities fight financial crime. However, the rule faces legal challenges. On March 1, 2024, a federal court in Alabama ruled the law behind BOI, the Corporate Transparency Act (CTA), unconstitutional. […]

BOI Reporting

Navigating the Deadlines: When to File Your Beneficial Ownership Information Report

BOIR Webmaster / January 10, 2024

The Beneficial Ownership Information Reporting Rule, implemented in January 2024, requires certain businesses operating in the U.S. to disclose information about their ultimate owners. Knowing your filing deadline is crucial to ensure compliance and avoid potential penalties. This post sheds light on the timelines involved and guides you toward determining your specific filing date. Who