Important: as of 03/21/25 The Financial Crimes Enforcement Network (FinCEN) has rescinded the requirements for beneficial ownership reporting for U.S. companies and persons.
More information can be found at www.fincen.gov.
Important: as of 03/21/25 The Financial Crimes Enforcement Network (FinCEN) has rescinded the requirements for beneficial ownership reporting for U.S. companies and persons.
More information can be found at www.fincen.gov.
The content here keeps you informed about the latest industry news and provides insight into frequently asked questions.
Submitted by UCS on September 18, 2024
In a recent update shared by the NYS Franchise Tax Search Unit, effective August 15, 2024, UCS will no longer process New York State (NYS) Franchise Tax searches. This significant change impacts how businesses will access critical...
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Submitted by UCS on March 15, 2024
In 2019, a new regulation was implemented in Canada, mandating federally incorporated, privately held companies incorporated under the Canada Business Corporations Act (CBCA) to establish and maintain comprehensive records of in...
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Submitted by UCS on February 14, 2024
In this guest blog post, we present an article authored by Andrew J. Kimball, an Associate at Norris McLaughlin, P.A., and Peter D. Hutcheon, Of Counsel at the same firm. The article delves into the necessary measures that financi...
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Submitted by UCS on January 5, 2024
Our guest blog post showcases an article authored by Jonathan Wilson, a co-founder of FinCEN Report Company LLC. Originally published on December 24, 2023, the article offers a comprehensive overview of the Access Rule under the C...
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Submitted by UCS on December 15, 2023
In previous installments of this blog series, we have addressed the immediate changes taking effect in January of 2024. The Corporate Transparency Act (“CTA”) not only alters the process of establishing a new corporate entit...
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Submitted by UCS on December 14, 2023
It is normal to feel overwhelmed, frustrated, and possibly even worried about how to comply with any new regulation, especially if the rules are constantly evolving and being defined, redefined, explained, and reevaluated. So, let...
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