New federal rules are reshaping the way small businesses and startups operate behind the scenes. The Beneficial Ownership Information (BOI) Rule, introduced under the Corporate Transparency Act, ...

President Trump and Congress recently delivered a major victory to small-business owners, with the passage and signature of the One Big Beautiful Bill Act. In the bill, lawmakers stood up for Main ...

An update on the Corporate Transparency Act saga, and the identification numbers that businesses and individuals registered with FinCEN. In our May 2025 Month-in-Brief installment, we considered the ...

An update on the Corporate Transparency Act, and its reporting and amendment obligations. A habitual tendency of business owners (and often their attorneys) is the abandonment of defunct or obsolete ...

After more than a year of back and forth over whether small businesses would be required to file a beneficial ownership information report, the uncertainty is almost in the rearview mirror. In March, ...

The Owner-Operator Independent Drivers Association has expressed support for an interim final rule to remove beneficial ownership information requirements for domestic companies. Last week, OOIDA ...

Many in the business community celebrated the sudden March announcement that US-based companies would be exempt from reporting under the Corporate Transparency Act. But Jamie A. Schafer of Perkins ...

U.S. companies will no longer have to comply with beneficial ownership reporting, thus pressuring banks to uphold KYC compliance and meet anti-money laundering (AML) regulations independently, due to ...

The U.S. Department of the Treasury‘s Financial Crimes Enforcement Network (FinCEN) has renewed its Geographic Targeting Orders (GTOs), extending efforts to combat money laundering through anonymous ...