We are excited to announce that we have teamed up with FileForms to ensure our network members have a seamless filing and reporting tool to manage these requirements as prescribed by the Corporate Transparency Act (CTA). This great tool from FileForms will be useful for organizations seeking filing assistance, and also has options for service providers and law firms to utilize the platform to maintain records on behalf of their clients.
About Beneficial Ownership Information Reports
Who must file?
Most corporations, LLCs, and limited partnerships will likely need to file a BOI report, but some business structures are exempt. Click this link to complete a questionnaire to determine if your company is required to file.
Who is a beneficial owner?
- Anyone who possesses or exercises control over twenty-five percent or more of the voting stock or equivalent of the company is also considered a beneficial owner.
- Any individual who, directly or indirectly, can exercise substantial influence over the reporting firm is considered a “beneficial owner.” Chief Executive Officer, President, and General Counsel are all examples of such high-ranking personnel.
When is the deadline?
- If a company was formed before January 1, 2024, then the initial report is due no later than January 1, 2025.
- If a company is created on or after January 1, 2024, then the initial report is due within 90 days of the date the entity is created.
If you have any questions regarding our partnership with FileForms or the new BOI reporting requirements, please email us at Support@LitigationSupportCareers.com and we will connect you with the appropriate Account Manager for your organization.
More information may be found on the official website of the United States Government (https://www.fincen.gov/boi)
We look forward to assisting you as we navigate these new requirements together.
For more information please visit us on the web at http://lscnetwork.com/vip-list/
