FinCEN Extends Beneficial Ownership Information Reporting Deadline(forbes.com)
forbes.com
FinCEN Extends Beneficial Ownership Information Reporting Deadline
https://www.forbes.com/sites/kellyphillipserb/2024/12/23/fincen-extends-beneficial-ownership-information-boi-reporting-deadline/
I submitted this headline just under two weeks ago:
FinCEN Says CTA Reports Are Voluntary (For Now) Following Court Decision[1]
and am glad to learn of the sudden shift with time to spare.
Forbes reports that only around 20% of companies required to comply have done so,[2] which is unsurprising given how poorly conceived and written the law is:
The Corporate Transparency Act Means Jail Time for Small Business Owners[3]
[1] https://news.ycombinator.com/item?id=42378823
[2] https://www.forbes.com/sites/kellyphillipserb/2024/12/06/fin...
[3] https://www.newsweek.com/corporate-transparency-act-means-ja...