New in 2024:
(updated 11-20-24)
The BOI E-Filing System supports the electronic filing of the Beneficial Ownership Information Report (BOIR) under the Corporate Transparency Act (CTA)--"beneficial ownership information" meaning information about the individuals who directly or indirectly own or control a company. The CTA requires certain types of U.S. and foreign entities to report beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury.
[Emphasis here and below added for clarity about what this is all about. Let me know if someone presents crystal clear and concise information anywhere about who has to do what. In particular, do freelance writers and writing firms need to comply? Meanwhile, read this only when brain working at full capacity.]
• Beneficial Ownership Information (BOI) for Authors: Everything You Need to Know (Kevin J. Duncan, Kindlepreneur,12-18-24) Who has to file a BOI report? Every LLC, corporation, or other entity that was created by filing a document with a secretary of state or equivalent office must file a BOI report unless it qualifies for one of the CTA's exemptions.
• New Federal Reporting Requirement for Who Does Not Have to Report? Beneficial Ownership Information (BOI) (U.S. Department of the Treasury, Financial Crimes Enforcement Network, www.fincen.gov/boi FinCEN’s Small Entity Compliance Guide includes checklists for each of the 23 exemptions Read More