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Corporate Transparency Act returns with major limitations

Summary by Lehigh Valley Business
After a roller coaster ride of changing decisions. There’s an update on the Corporate Transparency Act.   Allentown law firm, Fitzpatrick Lentz and Bubba is reporting that the Financial Crimes Enforcement Network (FinCEN) has decided that only foreign companies registered to do business in the U.S. must file a BOI report unless they qualify for an exemption.  That means domestic companies are now exempt from all CTA reporting requirements.   FLB…
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Lehigh Valley BusinessLehigh Valley Business

Corporate Transparency Act returns with major limitations

After a roller coaster ride of changing decisions. There’s an update on the Corporate Transparency Act.   Allentown law firm, Fitzpatrick Lentz and Bubba is reporting that the Financial Crimes Enforcement Network (FinCEN) has decided that only foreign companies registered to do business in the U.S. must file a BOI report unless they qualify for an exemption.  That means domestic companies are now exempt from all CTA reporting requirements.   FLB…

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eaccny.comeaccny.com

GreenbergTraurig | CTA UPDATE: FinCEN Issues Interim Final Rule Exempting Domestic Companies and US Beneficial Owners From Reporting Requirements | European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources

Go-To Guide: Domestic companies and their beneficial owners are now exempt from the requirement to file beneficial ownership information (BOI) reports, or to update or correct previously filed BOI reports. Foreign reporting companies that do not qualify for an exemption must report BOI by April 25, 2025, but need not report their U.S. beneficial owners. The Financial Crimes Enforcement Network (FinCEN) is soliciting public comments on the inter…

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Dean MeadDean Mead

Domestic Reporting Companies Exempt from CTA

Published: March 26, 2025 On March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) issued an interim final rule, effective March 26, 2025, which modified certain aspects of the Corporate Transparency Act (CTA) reporting requirements. The rule introduced key changes, including exemptions for domestic reporting companies and adjustments to reporting obligations for foreign entities: Exemption for Domestic Reporting Companies – Domestic…

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Dean Mead broke the news in on Wednesday, March 26, 2025.
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