The requirement to file beneficial ownership information introduced under the Corporate Transparency Act (CTA) has bounced around like a ping-pong ball for the past few months, with the on-again-off-again requirement being subject to both court action and executive action requiring it, suspending it, and making a mess of the efforts to determine how to comply.. … Continue reading
I’ve posted several warnings in the past year about the Beneficial Ownership Information (BOI) filing deadline of December 31, 2024. The requirement comes from the Corporate Transparency Act, and requires businesses to file information about who owns the business in order to aid law enforcement. That deadline is now ON HOLD as a Federal Court … Continue reading
MARPA members need to examine their compliance obligations under the Corporate Transparency Act’s (CTA) Beneficial Ownership Information (BOI) reporting obligations. Compliance is especially important for smaller members, as they are the most likely to have filing requirements. The CTA was established to prevent individuals with malicious intent from hiding or benefiting from the ownership of … Continue reading
You may be required to file your company’s ownership/control information with the federal government. This has been added to the law to help support compliance obligations. For some MARPA members, a large business exception may apply (see below). In 2021, Congress enacted the Corporate Transparency Act (CTA). This law requires many companies doing business in … Continue reading
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