In many privately held businesses, especially those co-founded by two individuals, a 50/50 ownership structure is seen as a symbol of balance and fairness. But in practice, equal equity can become a governance liability—particularly when disagreements arise over executive compensation. Whether you’re operating in New York, Washington D.C., Virginia, Maryland, […]
The U.S. Treasury Department announced late Friday that it is abolishing the Beneficial Ownership Information (BOI) Reporting Rule for all U.S. companies, following a brief suspension of the rule. Foreign qualifying companies registered to do business in the U.S, however, will still be required to report their BOI. Importantly, foreign companies will […]
The Beneficial Ownership Information (BOI) Reporting Rule, established under the Corporate Transparency Act (CTA) of 2020, requires certain entities to disclose their beneficial owners to the Financial Crimes Enforcement Network (FinCEN). Designed to enhance transparency and combat illicit finance, the rule applies to individuals owning or controlling at least 25% […]