Important: as of 03/21/25 The Financial Crimes Enforcement Network (FinCEN) has rescinded the requirements for beneficial ownership reporting for U.S. companies and persons.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Important: as of 03/21/25 The Financial Crimes Enforcement Network (FinCEN) has rescinded the requirements for beneficial ownership reporting for U.S. companies and persons.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 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 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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Submitted by UCS on April 20, 2023
The Delaware Secretary of State has a policy of not allowing entities to report their Registered Agent address as their Principal Place of Business address on their annual reports. Recently, in an effort to further enforce this po...
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Submitted by UCS on February 14, 2023
The requirement for Decennial Reports has been repealed. Effective January 3, 2024, specific entity types will transition from filing 10-year reports on company activities to being required to file annually. If your company f...
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Submitted by UCS on February 13, 2023
Effective January 1, 2023, SB 218 created a new filing with the California Secretary of State (“Secretary of State”) called a “Ratification of a Noncompliant Corporate Act” or a “Validation of a Noncompliant Corporate Ac...
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Submitted by UCS on July 15, 2021
A Certificate of Good Standing or a Certificate of Existence is used by a business entity to prove that they are incorporated and legally authorized to conduct business in a particular state or jurisdiction. A Certificate of G...
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Submitted by UCS on January 10, 2019
Effective January 1, 2019, the California Secretary of State implemented a couple of changes that will affect some existing entities in their state. Assembly Bill 920: This bill extends until January 1, 2026, persons licensed ...
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Submitted by UCS on April 30, 2018
In many large business transactions such as asset securitizations, joint ventures and commercial real estate transactions the lender may require the borrower to hold their assets in a bankruptcy remote single purpose/special purpo...
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