The Financial Crimes Enforcement Network has issued an interim final rule that removes the obligation for U.S. companies and U.S. persons to report beneficial ownership information (BOI). Now, only foreign entities registered to do business in the U.S. must comply, but they are not required to report U.S. persons as beneficial owners.
A Time for Gratitude
“I awoke this morning with devout thanksgiving for my friends, the old and the new.” -Ralph Waldo Emerson-
During this year of perpetual change, we find ourselves especially thankful for long-time clients and friends, as well as new clients and friends who have come to us in the most challenging times. Thank you for entrusting Gawthrop Greenwood with your legal needs. On this Thanksgiving, we send our warmest wishes to you and your family.