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Beneficial Ownership Reporting Requirements

By
Industry Observer with Retired

Beneficial Ownership Reporting Requirements

The Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act (CTA) are back in effect! 

Following a federal Court of Appeals decision, businesses must comply, but new deadlines have been extended to January 13, 2025, for many companies.
Business owners must act quickly and ensure compliance before the new deadline to avoid penalties.

 

Dahlia, AC Sadie, American Dahlia Society Show, Longwood Gardens,

Kennett Square, Pennsylvania USA IMG 5596
Canon PowerShot G11 Camera
Photograph by Roy Kelley
Roy and Dolores Kelley Photographs

Posted by

Roy Kelley, Retired, Former Associate Broker, RE/MAX Realty Group

Gaithersburg, Maryland