*This is not legal advice. This is general information to educate about the upcoming CTA requirements. The beneficial ownership information (BOI) reporting requirement is on hold after a federal Texas judge issued a preliminary injunction applicable to all reporting companies nationwide. The suit was brought by the National Federation of Independent Business (NFIB) and five […]
business
Beneficial Ownership Information Reporting Rule: What Is It and Does It Apply to Me?
*This is not legal advice. This is general information to educate about the upcoming CTA requirements. Introduction In 2021, Congress enacted the Corporate Transparency Act (CTA), ostensibly to help deter financial misconduct. This law passed over the objections of many key organizations, including those of the National Small Business Association. Through this Act, there is […]