Key Takeaways The Financial Crimes Enforcement Network (FinCEN) issued a proposal to amend the beneficial ownership information (BOI) reporting rule, which would extend the deadline for certain reporting companies to file their BOI reports. FinCEN is proposing to...
Content By Samantha M. Cira
FinCEN Releases Small Entity Compliance Guide
Key Takeaways Starting in 2024, many entities that are created in or registered to do business in the United States will be required to file BOI reports with FinCEN. With the effective date fast approaching, criticism surrounding treatment of small businesses, who may...
Is Your Business Ready for the Corporate Transparency Act?
[UPDATED 11/27/2023: FinCEN Proposes to Extend Filing Deadline for Beneficial Ownership Information in 2024] Is Your Business Prepared for the Corporate Transparency Act? As 2024 quickly approaches, it is increasingly important for your business to start preparing for...
What is the Status of the Corporate Transparency Act’s Rollout of its Online Database?
With half of 2023 behind us, and the Corporate Transparency Act (CTA) set to become effective on Jan. 1, 2024, there remain a number of open issues with respect to the implementation of the CTA. By way of background, and at its core, the CTA requires certain...
Corporate Transparency Act Revisited: Timeframes
We have made it to Part 3 of our three-part series on the Corporate Transparency Act’s final rule. The Financial Crimes Enforcement Network (FinCEN) released the final rule on Sept. 30, 2022. This article covers important timeframes to keep in mind as the rule rolls...
Corporate Transparency Act Revisited: Reporting Requirements and Exemptions
On Sept. 30, 2022, the Financial Crimes Enforcement Network (FinCEN) released a final rule related to the Corporate Transparency Act (CTA). In Part 1 of our refreshed, three-part series of articles on the CTA, we covered FinCEN’s new guidance on the beneficial...
Corporate Transparency Act Revisited: Businesses Need to Prepare as Final Rule Takes Shape
Back in February, we issued a three-part series on the Corporate Transparency Act (CTA). The series of articles outlined the details and implications of the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) Dec. 8, 2021 rule proposal to...
The Importance of How You Announce Your Company’s M&A Deal
The mergers and acquisition process is often heavily burdened with regulations, complications and minute details for both the selling and acquiring companies’ leaders, lawyers and accountants, just to name a few of the involved parties in a deal. Many deals fall apart...
Peloton Attempts to Rally: What Businesses Can Learn From the Fitness Giant’s Recent Struggles
At the height of the COVID-19 pandemic, when consumers were itching to stay fit while stuck at home, the popularity of internet-connected stationary bikes and treadmills that you could use at home skyrocketed. Peloton led the pack with its energetic instructors and...
Corporate Transparency Act Overview: What Else You Should Know
[UPDATED 11/21/2022: FinCEN Published Final Rule] Corporate Transparency Act Overview Part 3: What Else You Should Know This is Part 3 of our three-part series on the Corporate Transparency Act (CTA). The U.S. Department of Treasury’s Financial Crimes Enforcement...