BOI-Labs Specific
Lawyers, You Might Be A Company Applicant!
In addition to reporting the identities of a company’s owners, companies created or registered after January 1, 2024, are required to report the identities of their applicants. Applicants are broadly defined as the individual or individuals who caused the company’s creation documents to be filed with the secretary of state or similar office. Companies created…
Read MoreThe Risks of Failing to Report, Submitting an Erroneous Report, or Failing to Supplement BOIR
Without a doubt there will be those who choose to navigate BOI reporting on their own, and inevitably some of them are going to get it wrong. They never imagined they could be slapped with a hefty fine or, in the unluckiest circumstances, face serious jail time for simply making a mistake on a form…
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