Introducing our latest resource hub brought to you by the South Carolina Association of CPAs, dedicated to unraveling the intricacies of beneficial ownership information (BOI). Stay at the forefront of your profession, equipped with essential insights to adeptly navigate the ever-evolving corporate governance landscape.
BOI Reporting Resources
CAMICO’s Engagement Letter Language
See CAMICO’s below suggested engagement letter language:
Management is responsible for Client’s compliance with the Corporate Transparency Act (“CTA”), if applicable to its business, and for ensuring that any required reporting of beneficial ownership information is timely filed with the Financial Crimes Enforcement Network (“FinCEN”) as required by the CTA. As (Firm) is not rendering any legal services as part of our engagement, we will not be responsible for advising you regarding the legal or regulatory aspects of your company’s compliance with the CTA, nor are we responsible for the preparation or submission of Client’s beneficial ownership information reports to FinCEN. If you have any questions regarding Client’s compliance with the CTA, including but not limited to whether an exemption may apply to your organization or to ascertain whether relationships constitute beneficial ownership under CTA rules, we strongly encourage you to consult with qualified legal counsel experienced in this area.
Source: CAMICO
Read MoreBOI Insights
FinCEN Issues Interim Final Rule Removing Requirement for U.S. Companies and U.S. Persons to Report BOI
Understanding the Beneficial Ownership Information (BOI) Reporting
Fifth Circuit Circuit Court Vacates Motion to Stay
Effect of Nationwide Injunction on BOI Reporting
BOI Reporting Deadline Extension
From CNA: Coverage Considerations: Services Related to the Corporate Transparency Act
BOI Assistance
SnapBOI
SnapBOI offers a BOI reporting platform for accountants, attorneys, payroll organizations, business advisors, and other trusted professionals.
Visit SnapBOI’s WebsiteCorpag
Corpag simplifies BOI compliance for CPA firms by reducing errors, streamlining the filing process, and mitigating the risk of penalties and liability, allowing firms to focus on higher-value advisory services.
Visit Corpag’s Website