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! In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains in force. However, reporting companies may continue to voluntarily submit beneficial ownership information reports. 

 

What is Beneficial Ownership Information Report (BOIR)
It is a new reporting request introduced by the Corporate Transparency Act (CTA), passed by Congress in 2021. The goal of this report is the business transparency – making sure the US Department of Treasury knows who really is behind each of the US businesses. Its purpose is to avoid financial crimes, money laundering, and other illegal activities. 
The report has to be submitted only once, unless there are changes to the ownership. 
 

If you need help with filing, please call us at 773 777 1040 so we can take care of it for you.

With regards,

Biz Inc

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