After a year+ of angst, and with explicit reference to the change in federal Administrations, Beneficial Owner Report (BOI) filing requirements are now -removed- for US companies & persons
The Interim Final Rule released Mar 21 (expected to become final) essentially states only foreign entities filing to do business in the U.S need to comply with FinCEN’s BOI reporting rules
It’s been a long road here, but definitely simplifies things for small business owners out there
FinCEN’s press release and additional coverage at JofA
