Harvest Real Estate Law

FinCEN Issues Interim Final Rule Removing BOI Reporting Requirements for U.S. Entities, Redefining “Reporting Company”

On March 21, 2025, FinCEN issued an interim final rule exempting companies formed in the United States and U.S. persons from the Beneficial Ownership Information (BOI) reporting requirements required by the Corporate Transparency Act (CTA). The interim final rule also …

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FinCEN Announces Suspension of Fines and Penalties for Failure to File BOI Reports, Anticipates Future Reporting Deadlines

On February 27, 2025, FinCEN announced that it will not issue fines or penalties or take other enforcement actions for failure to file or update Beneficial Ownership Information (BOI) reports by the current deadlines of the Corporate Transparency Act (CTA). …

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