BOI Filing Updates

The Beneficial Ownership Information Report is filed to the Federal Government as part of the Corporate Transparency Act. This report was previously under a federal court injunction, but as of December 23rd it was reinstated by the US Court of Appeals. The filing deadline was January 13th; however, this due date has been pushed back indefinitely. Failure to report may result in fines of $500 per day. This affects all small businesses except: non-profits, publicly traded, or businesses with over 21 employees. Keep up with the latest decisions here and learn how to file this 5-minute application at the link below.