FinCEN issued an interim final rule (IFR) that revises the definition of a reporting company under the Corporate Transparency Act (CTA), provides new reporting deadlines for non-exempt reporting companies, and exempts all US-formed entities and their owners from filing beneficial ownership information (BOI). It also exempts foreign entity reporting companies from reporting US persons’ BOI in such companies.
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FinCEN Issues Interim Final Rule Amending Definition of Reporting Company Under the Corporate Transparency Act (CTA)
