Jun 5, 2024 | FinCEN Compliance
First, let’s take a moment to define what a reporting company is and then we can jump into the exemptions. FinCEN defines a reporting company as follows: The Reporting Rule requires that all “reporting companies” file BOI reports with FinCEN within the...
May 25, 2024 | FinCEN Compliance
As stated in the Small Entity Compliance guide, “BOI reports require specific pieces of information about your company, its beneficial owners, and, in the cases described in section 3.1, its company applicants.” It is your responsibility to collect...
